Murray Math Lines 18.08.2014 (EUR/USD, EUR/JPY)

Analysis for August 18^th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating; sellers are supported by Super Trends, which are still influenced by “bearish cross”. Possibly, during the day the price may break the H4 Super Trend downwards and stay below it. In this case, the market may start a new descending movement.



As we can see at the H1 chart, the pair rebounded from the 7/8 twice. If later the market is able to break the 4/8 level downwards and stay below it, the price may start falling again; the first target will be at the 0/8 level.

EUR JPY, “Euro vs Japanese Yen”

The pair rebounded from the 4/8 level and the daily Super Trend, which is a strong bearish signal. I’ve got only one sell order so far, but if later the market is able to stay below the 3/8 level, I’ll open another sell order.



As we can see at the H1 chart, last Friday the price rebounded from the 8/8 level. The market is moving between Super Trends so far, but in the nearest future, it is expected to break them downwards. Later the pair may continue falling and reach the 1/8 level, at least.



 
RoboForex Analytical Department