Technical Analysis 20.07.2015 (EUR/USD, GBP/USD, USD/)

EUR USD, "Euro vs US Dollar"

Eurodollar is still under pressure and continues falling. The target of this structure is at level of 1.0677. After that, the price may return to level of 1.0945 and then continue moving downwards to reach level of 1.0467.

GBP USD, "Great Britain Pound vs US Dollar"

Pound is consolidating so far. We think, today, the price may fall towards level of 1.5534. After that, the pair may grow to reach level of 1.5700; this ascending movement may be considered as an alternative scenario. The main scenario remains the same – the downtrend is expected to continue to reach level of 1.5240.

USD JPY, "US Dollar vs Japanese Yen"

Yen is still moving upwards with the target at level of 124.67. After reaching it, the price may form a correction to return to level of 123.00 and then form another ascending wave to reach level of 125.45.


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