Analysis of Murray levels on March 1, 2016
EUR USD "Euro to the US dollar"
The main trend for Euro-Dollar pair keeps slide. SuperTrend lines support the sliding, which early formed the “bearish cross”. The immediate goal for sellers is a mark 0/8, which is probably the beginning of correction.
Price formed a pullback from hourly SuperTrend line that indicates the probable renewal of pair decrease. It is possible that during the day, we get a breakdown of the level of 0/8, which will allow the pair to continue moving down towards the -2/8 level.
AUD USD "Australian Dollar to US Dollar"
The Aussie traded between SuperTrends lines on the four-hour chart. If later the price will be able to fix below the 5/8, then in the future it will be possible to decrease to 3/8. It is very likely that during the Tuesday's the price will update yesterday's minimum.
On the hourly chart, double pullback from the 1/8 mark is formed, which pointed to the raising of upward correction. However, if the price can be kept below SuperTrend lines, further quotations decrease and breakout of level 0/8 become possible.
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