Murray Math Lines 14.08.2014 (EUR/USD, GBP/JPY)

Analysis for August 14^th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating. Earlier the price rebounded from the daily Super Trends several times. If later the pair is able to stay below the 3/8 level, the market will continue moving downwards to reach the 0/8 one.



As we can see at the H1 chart, right now the market is in a state of heightened volatility. As soon as the price breaks Super Trends downwards and stays below them, I’m planning to increase my short position with the target at the 0/8 level or even lower.

GBP JPY, “Great Britain Pound vs Japanese Yen”

This pair also continues moving downwards. Considering that the price was able to stay below the 3/8 level, the market may continue falling towards its lows. The closest target is at the 1/8 level: in case the price rebounds from it, we can expect a new correction.



At the H1 chart we can see, that Super Trends are still influenced by “bearish cross”. Possibly, in the near term the price may try to enter “oversold zone” and stay inside it. The closest target is at the -2/8 level.



 
RoboForex Analytical Department