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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 24.06.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 24.06.2016 (EUR/USD, USD/CHF)


Analysis for June 24th, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the 7/8 level twice, Eurodollar started a fast decline, which was later stopped by the -1/8 level and the price rebounded upwards. In the nearest future, the market may test the 4/8 level. If the pair rebounds from this level, it may start a local decline towards the 1/8 one.

The lines at the H4 and H1 charts are completely the same. Super Trends formed “bearish cross” while the pair was falling sharply. If later the market stays under Super Trends, it may reach the 1/8 level.

USD CHF, “US Dollar vs Swiss Franc”

Franc rebounded from the 0/8 level twice and then stayed above Super Trends. In the nearest future, the market may start a correction from the 4/8 level. If later the price is supported by the 3/8 level, it may continue growing towards the 5/8 one.

At the H1 chart, Super Trends formed “bullish cross”. The price was supported by the 6/8 level, so the market may resume growing, break the 8/8 level, and the continue moving upwards inside the “overbought zone”.

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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.