Analysis of Murray's level on July 19, 2016
EUR USD "Euro to US Dollar"
After pullback from daily SuperTrend line, Euro-US Dollar returned to descending. Because price fixed below mark
2/8, then in the short terms, further market downtrend to level
-2/8 is possible.
On 1 hour chart, SuperTrends formed "bearish cross", but still the pair is traded between indicators' lines. Along with that, because price fixed below mark
3/8, soon descending to level
0/8 is possible.
GBP USD "British Pound to US Dollar"
On 1 hour chart, hitch of the pair to the top was stopped by mark
3/8, from which row of pullbacks to the down was happened. So, if market fixes below level
2/8 and SuperTrends lines, then resuming of descending is possible. The nearest bearish goal is mark
1/8.
On 1 hour chart, SuperTrends lines formed "bearish cross". Because price formed pullback from level
6/8, then further test of mark
2/8 is possible. In case of it breakage, more significant market descending is possible.