Murrey Math Lines 02.06.2015 (EUR/USD, GBP/USD)

June 2, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected between Super Trends, which earlier formed “bearish cross”. Possibly, in the nearest future bears will continue pushing the price downwards. The closest target is still at the 0/8level. After reaching it, the market may start a deeper ascending correction.

As we can see at the H1 chart, the pair has been supported by the 4/8 level. If the market rebounds from this level, it may resume falling. I’m planning to move the stop loss to breakeven as soon as the market breaks the minimum.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is also still moving downwards; bears are supported by Super Trends. 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 at the bottom. After the price breaks the 0/8 level and stays below it, the market will continue falling towards the -2/8 one. During the correction, I opened another sell order.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 24, 2017
UK Supreme Court to deliver verdict on Brexit
The UKs Supreme Court will be giving its verdict in the High Court on whether the Brexit referendum should be put to a parliamentary vote or note. There is a widespread consensus that the Supreme Court will rule in favor of the High Court...
January 24, 2017
Crude oil maintains bullish trend
Oil prices were initially weaker at the start of the new week, but they have now recovered to trade almost flat at the time of this writing. At the weekend, the OPEC and some producers outside of the group met to discuss the progress of their oil production deal...
January 24, 2017
Dollar found its feet after declining over the last day
Asian stock markets were mixed overnight, with Japanese bourses still under pressure (Nikkei closed down 0.55%). despite a dip in the Yen, as USD stabilised. Uncertainty over Trump’s regulatory and trade policies continues to weigh on investor sentiment...

Grand Capital Rating
Trade360 Rating
FxPro Rating
Fort Financial Services Rating
FBS Rating

OptionFair Rating
TopOption Rating
IQ Option Rating
EZTrader Rating
GTOptions Rating
OptionTrade Rating