Murrey Math Lines 22.03.2016 (EUR/USD, NZD/USD)
22.03.2016
Analysis for March 22nd, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has broken the 4/8 level and right now is trying to stay under it. Earlier, the price was able to stay below the H4 Super Trend. It's highly likely that on Tuesday the pair will continue its decline towards the 2/8 level.
At the H1 chart, Eurodollar has broken the 8/8 level and left “overbought zone”. Earlier, Super Trends formed “bearish cross”. It’s highly likely that in the nearest future the market will continue falling towards the 6/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar hasn’t been able to stay above the 8/8 level; right now, the price is moving under the H4 Super Trend and trying to stay below the 5/8 level. It’s highly likely that in the nearest future the market may move towards the daily Super Trend. If the pair beaks it, bears will return to the market.
At the H1 chart, the price is moving in the middle. Earlier, Super Trends formed “bearish cross”. It’s highly likely that on Tuesday the pair may break the 4/8 level and continue falling towards the 3/8 one.
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