EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.2230. If later the price breaks this range to the upside, the market may expand it up to 1.2286; if to the downside – start a new decline to break 1.2150 and then continue the correction with the target at 1.2100.
GBPUSD, “Great Britain Pound vs US Dollar”
After completing the descending impulse at 1.4144, GBPUSD is expected to form a new consolidation range above this level. Possibly, the pair may correct towards 1.4194. Later, the market may form a new descending structure with the target at 1.4090 or even reach 1.4035.
USDJPY, “US Dollar vs Japanese Yen”
After forming another consolidation range, this time above 109.32, USDJPY is trading to break it to the upside. Today, the pair may form one more ascending structure with the short-term target at 110.35.
USDCHF, “US Dollar vs Swiss Franc”
After completing the correctional wave at 0.8950, USDCHF is growing to break 0.8993. Later, the market may continue trading upwards with the target at 0.90387 or even reach 0.9125.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating below 0.7767. Possibly, the pair may break the range to the downside and resume trading downwards with the short-term target at 0.7603.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1900.00; it has already expanded the range up to 1916.20. Today, the metal may form a new descending structure to reach 1887.60 and then start another correction with the target at 1902.00.
