Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Probably, the pair has finished the correction (ii) of [iii] of 1, which has turned out to be quite long and complicated. In the future, the market is expected to start a significant decline in the wave (iii) of [iii] of 1.
Most likely, the price has completed the double zigzag and right now is starting a new descending movement in the wave (iii) of [iii] of 1.
In case of Pound, the situation isn’t changing. In the nearest future, after finishing the wave ii of (iii) of [iii], the market is expected to start a strong decline in the wave iii of (iii) of [iii].
The pair is moving below the critical level and right now is expected to start a significant descending movement in the wave iii of (iii) of [iii] and reach new local lows.
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The situation is still quite complicated. The main forecast remains the same and there are no reasons to change it. After finishing the horizontal triangle [iv] of C of (2), the market is expected to continue falling in the wave [v] of C of (2).
Probably, after the correctional flat (ii) of [v] of C, Yen has formed waves i of (iii) of [v] and ii of (iii) of [v]. In the nearest future, the market is expected to start a significant decline towards 115.75 – 116.00.
Probably, the price has just completed the wave (i) of [a] of 4, which may be followed by the ascending correction (ii) of [a] of 4, possibly in the form of the zigzag.
The pair has finished the descending impulse inside the wave [a] of 4, which may be followed by the local ascending correction (ii) of [a] of 4 and a further decline of the price.
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.