Forex Technical Analysis 11.08.2015

EUR USD, "Euro vs US Dollar"

Eurodollar is moving downwards today. We think, the price may grow a bit and attempt to reach a new high and then continue falling inside the downtrend. The market is expected to form a descending wave with the target at 1.0730.

GBP USD, "Great Britain Pound vs US Dollar"

Pound has expanded its consolidation channel downwards. We think, today, the price may test the center of the channel from below and then continue falling towards 1.5240.



USD JPY, "US Dollar vs Japanese Yen"

Yen is returning to 124.52. After reaching it, the price may continue falling towards 122.94 and then start another growth to reach 125.40.

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