Murrey Math Lines 28.05.2015 (EUR/USD, GBP/JPY)

May 28, 2015

EUR USD, “Euro vs US Dollar”

During the current correction, Eurodollar was supported by the H4 Super Trend. Probably, in the nearest future, the price may resume falling; the closest target for bears is at the -1/8 level.

The lines at the H4 and H1 charts are completely the same. I’m planning to open another sell order as soon as the price is able to stay below Super Trends. If the market breaks the 0/8 level, it will continue moving downwards inside “oversold zone”.

GBP JPY, “Great Britain Pound vs Japanese Yen”

The lines at the H4 and daily charts are completely the same; the price is supported by Super Trends. I’m holding three buy orders and plan to open several more in the future.

At the H1 chart, the pair is moving in the middle. If the price breaks the 4/8 and 5/8 levels and stays above them, I’ll open several buy orders.

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