Forex Technical Analysis Euro vs US Dollar”.
In Forex Market EURUSD pair remains in a consolidation range near 1.0700. A growth rate of 1.0717 is projected. Euro Next, a decline link targeting 1.0700 is not ruled out (testing from above). Following that, the quotations could increase to 1.0722, from which the correction could continue to 1.0733. Moreover Once the correction is complete, a new decline wave is forecast, with a local target of 1.0585.
GBPUSD, or the “Great Britain Pound vs US Dollar”
The GBPUSD pair has found support at 1.2422. Today, the market continues to create a correction wave with a target of 1.2487. Once this level is hit, a slide to 1.2472 is not ruled out (testing from above). Next, a new growth structure. It is projected that prices would fall to 1.2492, followed by another drop to 1.2500. After the correction is over, a new decline wave aiming 1.2200 is anticipated.
USDJPY: “US Dollar vs Japanese Yen”
In Forex market USDJPY pair has established a support level around 155.20. Today, the market indicates the emergence of a growth wave aimed at 155.66. Once this level is hit, a slide to 155.41 is not ruled out (testing from above). Moreover Next, a growth wave might reach 155.86, from which the trend could extend to 155.95. This is the initial target.
USDCHF: “US Dollar vs Swiss Franc”
The USDCHF pair is in a consolidation range near 0.9140. With an upward escape from the range, the possibility of a wave targeting 0.9161 may emerge. Moreover With a downward A decline relationship to 0.9120 is not ruled out (based on the testing described above). Next, a new growth wave aimed at 0.9195 might commence. Moreover This is the initial goal of the growth wave.
AUDUSD, or “Australian Dollar vs US Dollar”
The AUDUSD pair has created a support line at 0.6488, with a potential upward trend to 0.6518. Next, a drop to 0.6477 is projected. Furthermore This level represents the first objective of a new decline wave. Once the price reaches this level, a correction link to 0.6500 may form.
The possibility of a wave targeting 89.30 may emerge. With a downward escape, a correction to 86.20 is not ruled out.Furthermore following that, a climb to 89.30 is possible, with the trend continuing to 92.00. This is a local target.
XAUUSD, “Gold vs US Dollar”
In Forex Gold continues to consolidate around 2305.00. A growth connection aiming 2339.00 may follow (testing from below). Moreover Next, a fresh down wave to 2275.00 is projected, after which the trend may extend to 2200.00, a local objective.
