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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, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for April 6th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is consolidating. We think, today the price may fall towards 1.1300, thus forming a descending structure. Later, in our opinion, the market may return to 1.1370. If the pair breaks the channel downwards, the downtrend may continue; if upwards – the pair may grow to reach 1.1570 (an alternative scenario). GBPUSD, “Great Britain Pound vs US Dollar” Pound has completed the structure of its descending wave. We think, today the

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