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Murrey Math Lines 07.07.2017 (EUR/USD, NZD/JPY)

EUR USD, “Euro vs US Dollar”

As we can see at the H4 chart, the EUR/USD pair may yet move upwards to reach the resistance at the 8/8 level at 1.1474. Later, the price may rebound from this level and start falling with the target at the 5/8 one at 1.1291.

At the H1 chart, if the price breaks the 3/8 level at 1.1413, the pair may grow towards the resistance at the 4/8 one at 1.1474. After reaching it, the price may rebound and start falling with the target at 1.1291.

At the M15 chart, the pair is expected to reach 1.1291 and then break the downside line of the VoltyChannel indicator. Such scenario will confirm the rebound of the price from the 8/8 level from the H4 chart.

 

NZD JPY, “New Zealand Dollar vs. Japanese Yen”

As we can see at the H4 chart, the NZD/JPY pair is trading close to the resistance at the 5/8 level at 82.81. Possibly, the price may rebound from this level and then move downwards to reach the 4/8 one.

At the H1 chart, the pair is moving close to the strong resistance at the 8/8 level at 82.81. later, the price may rebound from this level and then fall to reach the 0/8 one at 81.25.

At the M15 chart, the pair is expected to break the downside line of the VoltyChannel indicator, thus confirming the rebound from the resistance at 82.81.

 

RoboForex Analytical Department

 



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