Murray levels analysis on 29 February 2016
EUR USD "Euro to US dollar"
The Eurodollar continued to decline. Earlier the SuperTrend lines formed a "bearish cross". In the short term a further decrease in quotations towards the 0/8 mark is likely. However, if the price constitutes a retreat from the 1/8 level, a beginning of an upward correction will be possible.
The price was unable to gain a foothold above the SuperTrend lines, and is trading below the indicator line again. In the short term a fall to around 2/8 is likely, a retreat from which would be the signal to a local ascending correction.
AUD USD "Австралийский доллар к доллару США"
After a series of rebounds from the week long SuperTrend, the Aussie is trying to resume its decline. After a local correction, further fall in prices is possible. The immediate goal for bears is the 3/8 mark.
On the hourly chart the price is trading in the lower part of the building of levels. Earlier, the SuperTrend lines formed a "bearish cross". During Monday a resumption of decline towards the 0/8 mark is likely.
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