Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 02.06.2016 (EUR/USD, GBP/USD)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

Murrey Math Lines 02.06.2016 (EUR/USD, GBP/USD)


Analysis for June 2nd, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is being corrected. If the pair rebounds from the 4/8 level and stays under the daily Super Trend during the day, the price may resume falling. Otherwise, if it stays above the 4/8 level, the current ascending correction may continue.

At the H1 chart, the target of the current correction is at the 8/8 level. However, if the price rebounds from the 7/8 level quickly, the correction may finish. After Eurodollar stays under the 6/8 level, the market will resume its decline.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues its decline, which resulted in “bearish cross” formed by Super Trends. In the nearest future, the market may fall towards the 3/8 level. If the pair breaks this level and stays below it, the price may continue falling much deeper.

The lines at the H4 and H1 charts are completely the same. The price is being corrected between Super Trends. Consequently, if the pair stays below them, the market may resume its descending movement.

RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


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.