Analysis for June 23rd, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is moving in the middle again. Probably, in the nearest future the price may test the 3/8 level. If the market breaks this level and stays below it, the pair may continue falling towards the 0/8 one.
As we can see at the H1 chart, the price is trying to stay below the 0/8 level. Earlier Super Trends formed “bearish cross”. if later the pair breaks the -2/8 level, the lines at the chart will be redrawn.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The pair is consolidating inside “overbought zone”; bulls are supported by the H4 Super Trend. If later the pair breaks the +2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the pair is being corrected between the 6/8 and 5/8 levels. Super Trends provide support. The closest target for bulls is at the 8/8 level. After reaching it, the market may start a bearish pullback.
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