EUR USD, “Euro vs US Dollar”
Eurodollar has eliminated the gap and almost completed its correctional structure. We think, today, the price may start another descending movement towards level of 1.1090 and then return to level of 1.1185. After that, the pair may continue falling to reach level of 1.0930.
Pound has tried to expand its consolidation channel both downwards and upwards. We think, today, the price may expand it downwards again. To reach level of 1.5560 and then form another ascending structure with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.
Yen is still consolidating. We think, today, the price may break the minimum and continue falling toward level of 120.80. Later, in our opinion, the market may return to level of 122.64 and then form another descending structure to reach level of 119.50.
 |
| Add caption |
