EUR/USD, “Euro vs US Dollar”
The currency pair has performed an impulse of decline to 1.0723. Today a link of growth might develop to 1.0810, followed by a decline to 1.0686. The target is first. After that, growth to 1.0810 is possible.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has completed a structure of decline to 1.2190. Today the market is correcting to 1.2250. Practically, a consolidation range might form at these levels. If the price escapes the range downwards, a new wave of decline to 1.2167 should start. The target is first. After that, a new structure of growth might develop to 1.2255.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair completed a structure of decline to 129.63. Today the market has completed a link of growth to 130.58 and is forming a consolidation range around this level. If the price escapes the range upwards, a pathway to 131.60 should open. The target is first. Then a correction to 130.60 and growth to 132.60 should follow.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair is forming a consolidation range around 0.9180. Today the price might escape it upwards, reaching 0.9233. The target is first. After the quotes reach this level, a correction to 0.9180 should follow. Then growth to 0.9244 looks possible.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has completed a wave of decline to 0.6624. Today the market is forming a correction to 0.6677. After the price reaches this level, a wave of decline to 0.6595 should start. Then a correction to 0.6677 and a decline to 0.6588 looks possible.
Brent has corrected to 72.20. Today a structure of growth to 75.90 should develop. And if the quotes break this level upwards, the growth might continue to 79.60, from where a wave of growth might develop to 81.66.
XAU/USD, “Gold vs US Dollar”
Gold formed a consolidation range around 1991.20. Today the market is trading near the lower border of the range. If the border breaks downwards, a pathway to 1952.25 should open. And if the price escapes the range upwards, the wave might continue to 2015.00.
Today the stock index continues forming a consolidation range around 3964.4. The range might extend to 3885.5. Then the quotes might grow to 4042.0.
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EUR/USD is trading above 1.0700, as bulls keep the reins for the second consecutive day early Thursday. The major currency pair fails to justify looming economic fears and upbeat US Treasury bond yields amid a broadly weaker US Dollar. Final Eurozone Q1 GDP eyed.
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