Analysis for July 28th, 2015
EUR USD, "Euro vs US Dollar"
Eurodollar is under pressure and continues falling. We think, today, the price may form a descending wave to reach 1.0938 and then grow to return to 1.1040.
GBP USD, "Great Britain Pound vs US Dollar"
Pound is moving inside the descending structure towards 1.5466. Right now, the pair is forming the fourth structure of this wave. We think, today, the price may reach 1.5620 and then fall towards the above-mentioned target.
