EUR USD, "Euro vs US Dollar"
Eurodollar has reached the predicted target of its descending wave. However, this structure may yet continue. We think, today, the price may extend this decline towards 1.1032 and then return to 1.1110. After that, the pair may start a new descending movement to reach 1.1000.
GBP USD, "Great Britain Pound vs US Dollar"
Pound hasn't been able to continue its growth; the pair has formed a continuation pattern at 1.5596 and today is falling. The target of this descending structure is at 1.5500. After that, the market may test 1.5596 from below and then continue falling inside the downtrend towards 1.5400.
USD JPY, "US Dollar vs Japanese Yen"
Yen has formed a consolidation channel. If the market breaks this consolidation channel upwards – it may grow to reach the target at 125.46; if downwards – the current correction may continue towards 123.00.
