Analysis of Murray levels on March 8, 2016
EUR USD "Euro to US Dollar"
On the 4 hour Euro-Dollar chart, the SuperTrend lines have formed the Bullish Cross. The price is fixed above the level 28 that open the road to further growth of quotation toward the level 38.
Market is trading in the middle of level construction on the 1 hour chart. The SuperTrend line supports the price. It is not excluded, the growth will continue during the day and that will be confirmed by the price fixation above the level 58.
GBP USD "British Pound to US Dollar"
Market started the local correction from the level 58. Earlier, the SuperTrens line have formed the Bullish Cross. It is quite likely that growth will be resumed toward the level 68 in the short term.
On the 1 hour chart, market tries to hold above the level 58. If later market fix again above the SuperTrend line that will indicate the possibility of growth resuming toward the level 88.
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