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Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Analysis for January 18th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is forming another descending structure. We think, today the price may reach 1.0840 and then start a correction towards 1.0911. Later, in our opinion, the market may continue falling to break 1.0682. The local target of this descending wave is at 1.0400. GBPUSD, “Great Britain Pound vs US Dollar” Pound is still falling and reaching new lows. The downtrend may continue towards 1.4000. An alternative scenario implies that the

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