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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 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for January 27th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has completed its ascending structure as a correction. We think, today the price may form another descending wave to reach 1.0810 and then return to 1.0844 once again. In fact, the pair is moving inside a triangle consolidation channel. The main scenario suggests that the market may break the channel downwards and then continue falling inside the downtrend to reach the local target at 1.0400. The first target is at 1.0682.

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