Murrey Math Lines 20.06.2016 (EUR/USD, USD/CHF)
20.06.2016
Analysis for June 20th, 2016
EUR USD, “Euro vs US Dollar”
The price hasn’t been able to stay above the 6/8 level and right now is moving below it again. Consequently, in the nearest future the market may move towards the H4 Super Trend. If this level is broken, the pair may continue falling much deeper.
At the H1 chart, Eurodollar hasn’t been able to stay above the 2/8 level and right now is moving between Super Trends. The closest downside target is at the 1/8 level. If the price breaks it, the market will fall to test the 0/8 one.
USD CHF, “US Dollar vs Swiss Franc”
Franc rebounded from the 1/8 level three times, which is a very strong bullish signal. This is why, during the day the price is expected to start a new ascending movement towards the 3/8 level, which is confirmed by the daily Super Trend.
At the H1 chart, the price has rebounded from the 0/8 level and right now is moving above the H1 Super Trend. If the price breaks the 2/8 level during the day and stays above it, the market will continue growing to reach the 4/8 one.
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