23 June, 2015
EUR USD, “Euro vs US Dollar”
Euro hasn’t been able to reach new local highs. Right now, there are at least four possible scenarios of wave (B) of [Y] and all of them meet the stated demands. One of them implies that the price is forming diagonal triangle inside wave [c] of Y of (B). At the same time, another possible scenario (colored in gray) suggests that the market may be forming of horizontal triangle inside wave (B) of [Y]. Right now, the situation is quite unclear.
After finishing zigzag inside wave (i) of [c] of Y, the pair has started forming a correctional wave (ii) of [c] of Y in the form of double zigzag. In the nearest future, the market is expected to complete this pattern and start growing inside wave (iii) of [c] of Y.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming the correction inside wave (2) of  in the form of zigzag. Right now, the price is finishing wave C of (2) of . To complete this wave, the market lacks a five-wave structure inside wave [v] of C of (2).
The price is forming wave [iv] of C of (2) inside an ascending channel and trying to rebound from its border. Probably, in the nearest future Pound may continue growing and forming wave [v] of C of (2).
USD JPY, “US Dollar vs Japanese Yen”
Despite the fast ascending movement, most likely Yen hasn’t finished the correction inside wave 2 of (5) of  yet. At the same time, there is an alternative scenario (colored in gray), which implies that the price has already completed wave 2 of (5) of .
The pair is still being corrected inside wave (b) of [y] of 2, which may be followed by a new local low inside wave (c) of [y] of 2.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is being corrected close to the critical level, that’s why both scenarios may equally happen. So, most likely the price is still forming the correction inside wave (ii) of [v] of 3. At the same time, an alternative scenario implies that the market has already completed wave (ii) of [v] of 3 and right now is forming the first five-wave ascending structure inside wave (iii) of [v] of 3. The situation will be cleared up within the next 24 hours
The pair continues forming wave [B] of y of (ii) in the form of double zigzag. The price is expected to fall inside wave [C] of y of (ii) and complete double zigzag (ii) of [v] of 3.
RoboForex Analytical Department
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...