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Murrey Math Lines 03.06.2016 (EUR/USD, USD/CHF)

Analysis for June 3rd, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar rebounded from the daily Super Trend, which means that it may resume moving downwards. If the price is able to stay under the 3/8 level, the market will continue falling towards the closest target at 2/8 one.



At the H1 chart, Eurodollar rebounded from the 7/8 level, which is a strong bearish signal. Moreover, later Super Trends formed “bearish cross”, which means that the market may continue falling towards the 0/8 level.




USD CHF, “US Dollar vs Swiss Franc”

Franc rebounded from the 1/8 level and the daily Super Trend, which means that it may continue moving upwards. If later the market breaks the 2/8 level, the lines at the chart will be redrawn.



At the H1 chart, the price rebounded from the -2/8 level and then managed to stay above the 0/8 one. If Super Trends form “bullish cross” during the day, the market will continue growing to reach the 4/8 level.



 
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