Analysis for June 21st, 2016
EUR USD, “Euro vs US Dollar”
The H4 Super Trend provided a local support, which means that in the nearest future the market may test the 7/8
level. If the pair rebounds from this level, the price may start a new descending correction.
At the H1 chart, Eurodollar is moving between Super Trends. If the price breaks the 2/8
level in the nearest future, the market may move upwards a little bit to reach the 3/8
level, which may later provide a strong resistance.
EUR JPY, “Euro vs Japanese Yen”
Yesterday, the pair rebounded from the 4/8
level and right now is testing this level again. If the price rebounds from it for the second time, the market will resume falling towards the 1/8
At the H1 chart, the pair is moving in the middle. If the market breaks Super Trends downwards during the day, it may continue start a new decline towards the -2/8
RoboForex Analytical Department
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