24 June, 2015
EUR USD, “Euro vs US Dollar”
Euro continues forming double zigzag inside wave (B) of [Y]. Right now, the pair is forming wave [c] of Y of (B) of this pattern in the form of diagonal triangle. The market is expected to continue moving upwards.
The price has completed zigzag (ii) of [c] of Y, which has almost reached retracement 78.6% of wave (i) of [c] of Y. In the future, the market is expected to start growing inside wave (iii) of [c] of Y. At the same time, we should note that if the pair forms a five-wave descending structure instead of the current zigzag a-b-c, then wave (B) of [Y] will turn out to be completed and this structure will be the first impulse inside a large descending wave (C) of [Y].
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming wave C of (2) of  of a large ascending zigzag. By now, the market has already finished wave [iv] of C of (2) and nay soon reach a new local high while forming wave [v] of C of (2).
The price has broken its ascending channel, but the main scenario is still the same: after finishing the correction [iv] of C of (2) in the form of double zigzag, Pound may continue growing and forming wave [v] of C of (2).
USD JPY, “US Dollar vs Japanese Yen”
So far, there are no signs that Yen has finished the first ascending impulse. Most likely, the current ascending movement looks more like double zigzag, and that’s in compliance with the main scenario. According to this scenario, the market is still forming double zigzag inside wave 2 of (5) of  and in the nearest future it may reach a new local low inside wave [y] of 2 of (5).
The pair hasn’t broken the critical level yet, so the main scenario remains the same. The market is expected to move downwards and form wave [y] of 2 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
The chart structure has been changed a little bit, but the main scenario remains the same. The current local growth looks like double zigzag, that’s why we may assume the price has just finished wave x of (ii) of [v] which may be followed by a descending wave y of (ii) of [v].
So, the pair is forming wave x of (ii) of [v] in the form of double zigzag. Later, the price is expected to start falling inside wave y of (ii) of [v].
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...