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Murrey Math Lines 10.06.2016 (EUR/USD, GBP/JPY)

Analysis for June 10th, 2016

EUR USD, “Euro vs US Dollar”

Just as we expected yesterday, Eurodollar is attempting to resume falling. At the moment, the price is moving between Super Trends. It’s highly likely that in the nearest future the pair may test the 4/8 level.



At the H1 chart, Eurodollar rebounded from the 3/8 level and then Super Trends formed “bearish cross”. If the price stays under the 1/8 level in the nearest future, the pair may continue falling to reach the 0/8 one.




GBP JPY, “Great Britain Pound vs Japanese Yen”

The price is moving in the middle of the chart. Earlier, Super Trends formed “bearish cross” and then the pair broke the 4/8 level. If later the market is able to stay below the 3/8 level, it may continue falling towards the 0/8 one.



The lines at the H4 and H1 charts are completely the same. The price rebounded from the 4/8 level and then Super Trends formed “bearish cross”, which means that the market may continue moving downwards. The closest target for sellers is at the 0/8 level.



 
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