Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The situation hasn’t changed over the last 24 hours. Most likely, Eurodollar has finished the correction [ii] of 1 of (C), which may be followed by a large descending impulse in the wave [iii] of 1 of (C).
After finishing the wave [ii] of 1 of (C), the price is moving below the critical level. Probably, in the nearest future the market may first five-wave descending structures in the wave [iii] of 1 of (C), which may beextended.
Pound continues falling slowly without any serious pullbacks. Most likely, the pair has finished waves i of (iii) of [iii] and ii of (iii) of [iii] which may be followed by a further decline.
Most likely, Pound has completed first wave of the extension in the wave (iii) of [iii] of 1. After the correction ii of (iii) of [iii], the price is expected to continue moving downwards.
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The situation hasn’t changed over the last 24 hours. The main forecast remains the same: in the nearest future. Yen is expected to start forming the ascending impulse [iii] of 1 of (3), which may be extended.
Probably, the price has finished the wave (ii) of [iii] of 1 and is starting growing in the large ascending impulse [iii] of 1 of (3). In the future, the market is expected to continue moving upwards.
Canadian Dollar continues growing in the wave iii of (iii) of [v] with quite fast downside pullbacks. Nevertheless, the bullish forecast remains in effect: in the nearest future, the pair is expected to continue moving upwards.
The pair has finished the wave ii of (iii) of [iii] and right now continues moving inside the main trend. In the future, the market may continue growing.
RoboForex Analytical Department
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.