Forex Technical Analysis EUR USD, "Euro vs US Dollar"
Eurodollar is under pressure and continues falling; it has formed the central part of its continuation pattern. We think, today, the price may test level of 1.1100 from below and then fall towards level of 1.0965. After that, the pair may return to level of 1.1100 once again and then continue falling to reach level of 1.0930.
GBP USD, "Great Britain Pound vs US Dollar"
Pound has broken its consolidation channel downwards right now is extending this descending structure. We think, today, the price may reach level of 1.5560, at least. Later, in our opinion, the market may return to level of 1.5715.
USD JPY, "US Dollar vs Japanese Yen"
Yen is moving to return to the center of its consolidation channel. We think, today, the price may continue forming the current descending wave to break the minimum and reach level of 120.60. Later, in our opinion, the market may grow to return to level of 122.22 to test it from below and then form another descending structure to reach level of 119.00.
