Murrey Math Lines 26.06.2015 (EUR/USD, NZD/USD)
26.06.2015
Analysis for June 26th, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is still consolidating in the middle. Possibly, in the nearest future Super Trends may form “bearish cross”. The closest target is at the 2/8 level. After reaching it, the pair may start a local ascending correction.
As we can see at the H1 chart, the price is moving inside “oversold zone”. Bears are supported by Super Trends. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar is moving below the H4 Super Trend again. It looks like the price is going to break the 0/8 level during Friday. In this case, the market will continue falling towards the -2/8 level.
At the H1 chart, Super Trends may form “bearish cross” in the nearest future. I’m still holding two sell orders and planning to open another one when the price breaks the 0/8 level.
RoboForex Analytical Department
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