EUR USD, "Euro vs US Dollar"
Eurodollar has renewed the minimum of the descending wave again. We think, today, the price may break 1.0811 and then continue falling fast to reach 1.0677. After that, the price may start a correction towards 1.0945.
GBP USD, "Great Britain Pound vs US Dollar"
Pound is forming a descending structure; it has reached the local target and completed the correction. We think, today, the price may reach 1.5534 and then return to 1.5600 as a correction, thus forming another consolidation channel. If the market breaks this channel upwards, it may grow towards 1.5700 (as an alternative scenario); if downwards – continue forming the main descending wave to reach 1.5240.
