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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 21.06.2016 (EUR/USD, EUR/JPY)
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Murrey Math Lines 21.06.2016 (EUR/USD, EUR/JPY)


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 level.

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 level.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.