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Murrey Math Lines 24.06.2015 (EUR/USD, SILVER)

Analysis for June 24th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has been able to stay below the 4/8 level. Possibly, in the nearest future Super Trends may form “bearish cross”. In this case, the market will continue falling towards the 2/8 level.



As we can see at the H1 chart, the price is moving inside “oversold zone”. Bears are supported by Super Trends: if the price is able to stay below them, sellers will continue pushing the market towards new lows. After the pair breaks the -2/8 level, the lines at the chart will be redrawn.




XAG USD, “Silver vs US Dollar”

As we can see at the H4 chart, yesterday Silver broke the minimum. Earlier, the price rebounded from the H4 Super Trend. If the market breaks the 0/8 level, it will continue falling towards the -2/8 one.



At the H1 chart, Super Trends have formed “bearish cross”. During the local correction, I opened another sell order. Probably, in the nearest future the price may continue falling to test the 0/8 level.



 
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