Murrey Math Lines 27.06.2017 (EUR/USD, GBP/JPY)

27.06.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from Super Trends and broke the 8/8 level. In the nearest future, the price may continue growing towards the +1/8 level. If later the pair breaks this level, the current growth may continue up to the +2/8 one.

As we can see at the H1 chart, the 5/8 level provided support and the pair resumed moving upwards. It’s highly likely that on Tuesday the price may break the +2/8 level. In this case, the lines at the chart will be redrawn.

 

GBP JPY “Great Britain Pound vs Japanese Yen”

The GBP/JPY pair is still trading close to the 3/8 level and the daily Super Trend. If the price breaks these levels and fixes above them, the market may continue moving upwards to reach the 4/8 one.

At the H1 chart, the pair rebounded from Super Trends and right now is trying to fix above the 8/8 level. Possibly, the price may break the +2/8 level soon. If later this level is broken, the lines at the chart will be redrawn.

 

RoboForex Analytical Department

 

Attention!

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.