Murrey Math Lines: EUR/USD, USD/CHF

EURUSD, "Euro vs US Dollar"

After Super Trend formed "bullish cross", the EUR/USD pair broke the 4/8 level, which means that the current correction may continue. As a result, on Thursday the pair grow towards the 5/8 level. If later the price rebounds from this level, the market will resume moving downwards.

EURUSD

At the H1 chart, the pair broke the 8/8 level and right now is moving inside the "overbought zone". In the nearest future, the market will continue growing to reach the +2/8 level.

EURUSD

 

USDCHF, "US Dollar vs Swiss Franc"

After Super Trends formed "bearish cross", the USD/CHF pair resumed its decline. In the nearest future, the market may test the 2/8 level. If the price rebounds from this level, bulls may try to start another ascending movement.

USDCHF

As we can see at the H1 chart, the pair failed to fix above the 3/8 level and, as a result, broke the local low. It's highly likely that later the market may continue moving downwards to reach the 0/8 level.

USDCHF

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.