26 June, 2015
EUR USD, “Euro vs US Dollar”
The situation isn’t changing. Most likely, the price is forming the first descending impulse [i] of 1 of (C) of a larger descending movement. The price is expected to complete this five-wave structure and start a short-term correction inside wave [ii] of 1 of (C).
Most likely, wave (iv) of [i] of 1 is taking the form of horizontal triangle, after which the market may form a new local low and complete wave [i] of 1 of (C).
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still being corrected inside wave [ii] of 1 of (3), which may be followed by a significant decline inside wave [iii] of 1 of (3).
The correction inside wave [ii] of 1 of (3) is taking the form of double zigzag, which may be followed by a strong decline inside wave [iii] of 1 of (3).
USD JPY, “US Dollar vs Japanese Yen”
Probably, Yen has completed the correction inside wave [iii] of 3 of (5), which may be followed by a strong ascending movement inside wave [iii] of 3 of (5).
The correction inside wave [ii] of 3 of (5) is taking the form of double zigzag, which may be followed by a new ascending impulse inside wave [iii] of 3 of (5).
USD CAD, “US Dollar vs Canadian Dollar”
The situation is quite complicated. The current local growth may be considered both as double zigzag (an alternative scenario) and as an impulse with extension inside the third wave. The main scenario implies that the market is expected to continue growing and forming wave (iii) of [v] of 3.
Probably, in the nearest future the price may form extension inside wave  of i of (iii) and continue growing. At the same time, we shouldn’t forget about an alternative scenario from the H4 chart.
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...
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