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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, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for February 5th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has formed the descending impulse. We think, today the price may grow a little bit and form a consolidation channel. After that, the pair may break it downwards and start a new correction to return to 1.1000 at least. Later, in our opinion, the market may grow to reach 1.1300. An alternative scenario implies that the pair may reach its downside target without any corrections. GBPUSD, “Great Britain Pound vs US Dollar” Pound

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