Murrey Math Lines 13.06.2017 (EUR/USD, EUR/JPY)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still moving between Super Trends. Yesterday, the price rebounded from the 8/8 level, which means that it may start a short-term decline. If the pair fixes below the 7/8 level, the market may continue moving downwards to reach the 6/8 one.

Yesterday, the pair rebounded from the 4/8 level, but may test this level again on Tuesday. If bears keep the price below the above-mentioned level, the market may continue falling towards the local low and test the ‑1/8 one.

EUR JPY “Euro vs Japanese Yen”

The EUR/JPY pair managed to stay below Super Trends, which earlier formed “bearish cross”. As a result, in the nearest future the market may move downwards to reach the 4/8 level. After reaching it, the price may start a new ascending correction.

As we can see at the H1 chart, the pair rebounded from the 5/8 level and then managed to fix below the H4 Super Trend. On Tuesday, the market may resume falling and test the 1/8 level. If the price rebounds from it, the pair may start a new bullish correction.

RoboForex Analytical Department