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Murrey Math Lines 22.06.2016 (EUR/USD, EUR/JPY)

Analysis for June 22nd, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the 6/8 level, Eurodollar is moving between Super Trends. If in the nearest future the market breaks the 4/8 level, the price will continue falling towards the 3/8 one.

At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price couldn’t break the 2/8 level, and, as a result, stayed below it. If later the market breaks the 0/8 level, the pair may continue falling towards the -2/8 one.

EUR JPY, “Euro vs Japanese Yen”

The pair has successfully rebounded from the 4/8 level and right now is attempting to stay below the H4 Super Trend. If the price succeeds, the market will reach the 1/8 level in the nearest future.

At the H1 chart, the pair is trying to stay under the 3/8 level. Earlier, Super Trends formed “bearish cross”. If the market rebounds from the 3/8 level during the day, it may start a new decline.

RoboForex Analytical Department

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