Euro continues moving downwards. We think, today price may reach level of 1.3570 and then form another ascending structure towards level of 1.3650, thus indicating borders of its consolidation channel. Later, in our opinion, instrument may form another descending structure to reach new minimum at level of 1.3540 and then form reversal pattern to continue moving upwards.
GBP/USD
Pound is still consolidating below level of 1.6787. We think, today price may continue falling down towards level of 1.6655. Later, in our opinion, instrument may form reversal pattern to continue growing up.
USD/CHF
Franc completed another ascending impulse. We think, today price may continue forming ascending structure to reach target at level of 0.9010 and then form another descending structure to return to level of 0.8946. Later, in our opinion, instrument may start growing up again to reach level of 0.9030, form reversal pattern, and continue falling down.
USD/JPY
Yen broke its ascending channel and formed its first descending impulse. We think, today price may break minimum of this impulse. According to main scenario, pair is expected to form descending wave with target at level of 100.50.
AUD/USD
Australian Dollar is still forming consolidation channel. We think, today price may break level of 0.9200 downwards and then continue falling down to reach target at level of 0.9000. Alternative scenario implies that pair may move upwards to test upper border of triangle pattern.
USD/RUB
Ruble continues moving upwards towards level of 35.71. Possibly, this ascending movement (considered as “flag pole”) may continue after testing level of 34.70 from above. Later, in our opinion, instrument may continue forming flag pattern towards level of 34.86 and then start growing up again. Alternative scenario implies that pair may fall down to reach new minimum of this wave.
Gold is forming consolidation channel at current levels; this channel may be considered as descending continuation pattern. Target is at level of 1213. Later, in our opinion, instrument may form another ascending structure to return to level of 1260.