Murrey Math Lines 10.06.2015 (EUR/USD, NZD/USD)

June 10, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from the 5/8 level once again, which makes this level even more important.  Probably, in the nearest future the price may continue falling towards the 2/8 level. I’ve closed my buy order opened earlier, and opened a sell one.

As we can see at the H1 chart, bulls have faced resistance from the 6/8 level. If the price is able to stay below Super Trends, the downtrend will resume. As soon as it happens, I’m planning to open another sell order.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar is testing the 3/8 level again and may rebound from it. I’m holding one sell order, but in the future plan to open one more after the market stays below the H4 Super Trend.

As we can see at the H1 chart, the price has rebounded from the 5/8 level very fast. If later the pair breaks the 3/8 level and stays below it, the market will resume moving downwards.

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