Murrey Math Lines 13.06.2016 (EUR/USD, NZD/USD)
13.06.2016
Analysis for June 13th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is being corrected at the 4/8 level. If the price breaks this level, it may continue falling towards the 3/8 one. To confirm this scenario, Super Trends have to form “bearish cross”.
At the H1 chart, Eurodollar is about to enter the “oversold zone”. The current decline is supported by Super Trends. If the price breaks the 0/8 level during the day, the pair may continue falling to reach the ‑2/8 one.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar rebounded from the +1/8 level and then stayed under the H4 Super Trend. Consequently, the closest target now is at the 6/8 level. If bears break it, they may continue pushing the price downwards.
At the H1 chart, the price rebounded from the 45/8 level and then Super Trends formed “bearish cross”. If the pair breaks the 3/8 level during the day and say below it, the market will continue falling towards at the 2/8 level.
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