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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 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for February 16th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has reached its predicted downside target. We think, today the price may consolidate at the current levels and even expand this channel towards 1.1099. After that, the market may return to 1.1230 and then form another descending wave to reach 1.0999. Later, in our opinion, the pair may be corrected towards 1.1187. GBPUSD, “Great Britain Pound vs US Dollar” Pound is consolidating; the pair has formed the triangle pattern.

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