Forex Analytics

The EUR/GBP pair failed to stay above the local target area at 0.8490, so right now it is falling.

After two trading sessions of selling, the main currency pair stopped falling; investors’ interest is in favor of the USD.

The AUD/USD fair stopped falling thanks to the Chinese statistics.

Probably, the EUR/USD pair completed the double zigzag in the wave [a] of [w], which means that the price may resume moving downwards.

The EUR/USD pair has reached the first downside target.

The EUR/USD pair stopped falling at the 6/8 level, which means that it may start a new local correction.

The main currency pair has been sold for the fourth consecutive trading session; the American statistics supports the USD.

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are very close to each other above Kumo Cloud; they may intersect and form “Dead Cross” (1).

At the H4 chart of EUR USD, the descending correction continues.

The GBP/USD pair is trading inside its mid-term trading range; to update October’s highs, the pair needs a reason.

The EUR/USD pair is still consolidating around 1.0869.

The EUR/USD pair rebounded from the group of upside fibo-levels and started a new descending correction.

Possibly, the EUR/USD pair completed the double zigzag in the wave [a] of [w], which means that the price may resume moving downwards.

As we can see at the H4 chart, the EUR/USD pair rebounded from the 8/8 level and resumed falling, and Super trends formed “bearish cross”.

Probably, the GBP/USD pair completed the extension in the wave [iii].