Forex Technical Analysis 08.09.2015

EUR USD, "Euro vs US Dollar"

The Eurodollar currency pair is ending the correction with a return to the level of 1.1232. Today, we expect another decline to the level of 1.1157. And after that, another update to 1.1233. Next, we consider the completion of the correction and the beginning of another structure of decline. The next target is at the level of 1.1000.

GBP USD, "Great Britain Pound vs US Dollar"

The pound against dollar currency pair was able to develop a correction to the level of 1.5366. Next on in line we expect a decline to the level of 1.5267. Then, we consider the possibility of a consolidation. With a break down we expected to decline in the level of refinement of 1.4960.

USD JPY, "US Dollar vs Japanese Yen"

The dollar yen currency pair is trading today in the structure of the growth to the level of 120.33. Next, we are expecting a decline to a level of 119.46 - thus a consolidation forms. With the possibility a break through up we look at the growth to the level of refinement of 124.00. With the break down there is a possible continuation of the downward trend to the level of refinement of 115.00.

Popular Posts