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Trader, analyst and instructor with a 6-year experience

EUR/USD: Murray levels analysis

Daily. In line with expectations the pair reached 3/8 ($1.3550), breaking below it. Given the fact that recently there has already been a false breakout of this level, we can assume a repeat of growth again to 4/8 (1.3672). To test the level of 2/8 (1.3428) bears have to settle below 3/8.

H4. Pattern 8/8 - 5/8 - 7/8 - 4/8 took place and now the pair came to 3/8 (1.3519). Both PT show a downward trend, but, nevertheless, the pair may firstly rise to 4/8 (1.3550), and in case of breakthrough - to 5/8 (1.3580). Alternative scenario - the breakdown of level 3/8 and fall to 2/8 (1.3489).

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