1 July, 2015
EUR USD, “Euro vs US Dollar”
After quite a deep (more than 61.8% from wave [i]) correction inside wave [ii] of 1 of (C), Eurodollar has started forming a new descending impulse inside wave [iii] of 1 of (C). At the same time, wave (B) of [Y] can be described as horizontal triangle (colored in gray). The future price movement will make the situation clearer.
In the nearest future, the pair may fall inside wave [iii] of 1 of (C) and reach new local lows.
GBP USD, “Great Britain Pound vs US Dollar”
The situation almost isn’t changing. Probably, after completing zigzag inside wave [ii] of 1 of (3), Pound has started a large descending impulse inside wave [iii] of 1 of (3).
The price almost isn’t moving, but the main scenario remains the same: the market is expected to continue moving downwards inside wave [iii] of 1 of (3).
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached a new local low and changed wave [b] of 2 of (5) which has taken the form of double three. The pair is expected to move upwards and form wave 3 of (5) of .
After reaching a new local low, the market is expected to start a new ascending movement inside wave 3 of (5) of .
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is still forming wave (iii) of [v] of 3, just as we expected. In the future, the pair may continue moving upwards.
The price continues reaching new local highs inside wave i of (iii) of [v] and may continue growing in the future.
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...