EUR/USD, “Euro vs US Dollar”
The currency pair has completed a wave of decline to 1.0707. Today the market has started developing a correction to 1.0755. This is the first target. After the price reaches this level, a correction might follow to 1.0730. Next, growth to 1.0790 is expected.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has completed a wave of decline to 1.2307. Today the market has formed a consolidation range above this level and, escaping the range upwards, suggests continuing the wave of growth to 1.2352. After the price reaches this level, a link of correction to 1.2330 could follow. Next, growth to 1.2395 is expected.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair formed a consolidation range around 139.50, escaped it upwards, and completed a structure of growth to 140.20. Today the market has started developing a wave of decline to 139.50. After the price reaches this level, a correction to 139.80 could follow. Next, a decline to 138.65 is expected.
USD/CHF, “US Dollar vs Swiss Franc”
The currency pair has completed a wave of growth to 0.9072. Today the market is forming a correction to 0.9020. After it is over, the wave of growth might continue to 0.9111.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has completed a wave of decline to 0.6493. Today the market is forming a structure of corrective growth to 0.6540. Next, a structure of decline could develop to 0.6455.
Brent
Brent has formed a consolidation range around 76.76 and, escaping it downwards, suggests a correction to 75.00. After the correction will be over, a new wave of growth to 79.55 might start that could extend to 80.20.
XAU/USD, “Gold vs US Dollar”
Gold has completed a wave of decline to 1936.76. Today the market is beginning a wave of growth to 1964.00. After the price reaches this level, a correction to 1950.00 could follow. Next, a new wave of growth to 1984.00 might start.
S&P 500
The stock index has completed a wave of decline to 4106.0. Today the market has corrected to 4160.0. A new wave of decline to 4102.0 is expected. This is the first target. After the price reaches this level, a correction to 4150.0 could form, followed by a decline to 4050.0.
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EUR/USD stays in positive territory above 1.0850 after US data
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GBP/USD stabilizes above 1.2850 as risk mood improves
GBP/USD maintains recovery momentum and fluctuates above 1.2850 in the American session on Friday. The positive shift seen in risk mood doesn't allow the US Dollar to preserve its strength and supports the pair.
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