Murrey Math Lines 14.06.2016 (EUR/USD, NZD/USD)
14.06.2016
Analysis for June 14th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has broken the 4/8 level; Super Trends may form “bearish cross” during the next several hours. Consequently, in the nearest future the price may continue falling towards the 3/8 level.
At the H1 chart, Eurodollar is trying to stay inside the “oversold zone” under the 0/8 level. If bears succeed, later the pair may continue falling towards the ‑2/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar is moving downwards between Super Trends. If later the price breaks the 6/8 level, the next target will be at the 4/8 one. However, if the pair break the 8/8 level upwards, the market will resume growing.
At the H1 chart, the price rebounded from the 4/8 level and then Super Trends formed “bearish cross”. If the pair stays under the 3/8 level, the market will continue falling towards at the 1/8 one.
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