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Murrey Math Lines 05.06.2017 (EUR/USD, CHF/JPY)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is consolidating inside the “overbought zone”. In the nearest future, the market may test the 8/8 level and the H4 Super Trend. If the price rebounds from this level, the pair may resume moving upwards to reach the 2/8 one.

As we can see at the H1 chart, Super Trends are still influenced by “bullish cross”. Possibly, the price may break the 2/8 level soon. If this level is broken, the lines at the chart will be redrawn.

 

CHF JPY, “Swiss Franc vs Japanese Yen”

The CHF/JPY pair is trading inside the “overbought zone” close to the H4 Super Trend. In the nearest future, the market may resume growing and test the 2/8 level.

At the H1 chart, the 5/8 level provided support. Consequently, on Monday the pair may start a new growth and break the local high. The closest target for bull is at the 2/8 level.

 

RoboForex Analytical Department

 



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