Murrey Math Lines 21.06.2016 (EUR/USD, EUR/JPY)
21.06.2016
Analysis for June 21st, 2016
EUR USD, “Euro vs US Dollar”
The H4 Super Trend provided a local support, which means that in the nearest future the market may test the 7/8 level. If the pair rebounds from this level, the price may start a new descending correction.
At the H1 chart, Eurodollar is moving between Super Trends. If the price breaks the 2/8 level in the nearest future, the market may move upwards a little bit to reach the 3/8 level, which may later provide a strong resistance.
EUR JPY, “Euro vs Japanese Yen”
Yesterday, the pair rebounded from the 4/8 level and right now is testing this level again. If the price rebounds from it for the second time, the market will resume falling towards the 1/8 level.
At the H1 chart, the pair is moving in the middle. If the market breaks Super Trends downwards during the day, it may continue start a new decline towards the -2/8 level.
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