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Murrey Math Lines 15.06.2015 (EUR/USD, NZD/JPY)

Analysis for June 15th, 2015

EUR USD, “Euro vs US Dollar”

After several rebounds from the 5/8 level, Eurodollar may resume falling. The future scenario depends on how the price will move at the 3/8 level. If this level is broken, the market will continue falling much deeper.



At the H1 chart, Eurodollar is moving in the middle. If later the price is able to stay below the 3/8 level, it will continue falling towards the 0/8 one. In the nearest future, I’m planning to increase my short position.




NZD JPY, “New Zealand Dollar vs Japanese Yen”

New Zealand Dollar has been able to stay below the 3/8 level and may continue falling towards the 0/8 one. During the correction, I opened a sell order with the stop loss above the H4 Super Trend. Possibly, the price may break the minimum during the day.



The lines at the H4 and H1 charts are completely the same. Bears are supported by Super Trends. To decrease the risks, I’m planning to move the stop loss on my current order to breakeven as soon as the pair breaks its local low.



 
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