EUR USD, "Euro vs US Dollar"
Eurodollar is attempting to form an upside continuation pattern and extend the correction towards 1.0990. However, this growth may be considered as an alternative scenario only. The main scenario remains the same – the market is expected to form a descending wave with the target at 1.0600.
GBP USD, "Great Britain Pound vs US Dollar"
Being under pressure, Pound is moving downwards. We think, today, the price may reach a new low at 1.5450 and then return to test the center of the consolidation channel. After rebounding downwards and reaching another new low, the pair may continue falling towards 1.5240.
USD JPY, "US Dollar vs Japanese Yen"
Yen is forming descending impulses. We think, today, the price may form the third impulse and return to the center of the consolidation channel. After rebounding downwards, the market is expected to start a correction to reach 122.94.
