EUR USD, "Euro vs US Dollar"
Eurodollar is attempting to continue extending its ascending wave today. We think, the price may reach 1.1500 and then continue falling inside the downtrend towards 1.1238 to test it from above.
GBP USD, "Great Britain Pound vs US Dollar"
Pound is consolidating. The pair has barely responded to the stock market meltdown. We think, today, the price may continue falling inside the downtrend towards 1.5240. An alternative scenario implies that the market may grow to reach 1.5822 and after that – continue falling towards the above-mentioned target.
USD JPY, "US Dollar vs Japanese Yen"
Yen's response to the stock market meltdown has been particularly sharp. The pair has expanded the trading range downwards and reached 120.75. We think, today, the price may rebound towards 123.03 to test it from below. In fact, the market is forming the third wave inside the downtrend, which might continue without any high corrections. The pair is expecte
d to start a new decline towards 115.00.
