Murrey Math Lines 08.06.2015 (EUR/USD, GBP/USD)

June 8, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving between Super Trends. Earlier, the price rebounded from the 5/8 level and stopped  an ascending correction. If the price is able to break the 3/8 level and stay below it, the market will continue falling towards the 0/8 one.

The lines at the H4 and the H1 charts are completely the same. At the end of last week, Super Trends formed “bearish cross”. Possibly, the pair may reach a new local low during the day.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is also resume moving downwards in the nearest future. The price is moving below the H4 Super Trend again. If later the pair is able to break the 4/8 level, the market will continue falling towards the 3/8 one.

At the H1 chart, the pair is moving in the middle. Earlier Super Trends formed “bearish cross”. If the price is able to break the 3/8 level and stay below it, the market will continue falling towards the 0/8 one or even break it.

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