Murrey Math Lines 25.06.2015 (EUR/USD, USD/CAD)
25.06.2015
Analysis for June 25th, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, the pair is moving in the middle. Possibly, in the nearest future Super Trends may form “bearish cross”. I’ll move the stop loss on my current order to breakeven as soon as the price breaks the minimum.
As we can see at the H1 chart, the price is moving inside “oversold zone”. Bears are supported by Super Trends. If the price breaks the -2/8 level during the next several hours, the lines at the chart will be redrawn.
USD CAD, “US Dollar vs Canadian Dollar”
During the local correction, I opened a short-tern buy order. Earlier Super Trends formed “bullish cross”. Possibly, the price may break the 8/8 level in the nearest future and continue growing inside “overbought zone”.
At the H1 chart, the price is moving in the middle. The closest target for bulls is at the 5/8 level: if the price breaks it, the pair may continue growing.
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.