EUR/USD has updated its Friday lows and today, having rebounded from 1.1160, is moving towards 1.1100. Yet another option is a correction move towards 1.1180. Finally, the pair can decline along the trend to reach 1.1000.
GBP/USD currency pair is trading within its descending impulse. More likely, the pair can form a range and, if it is broken downside, we will take into account a continuation of the downtrend towards 1.2800. The target is a local one.
The USD/CHF pair has worked out the correction of the ascending impulse. From our point of view, the most probable scenario for today is yet another wave to break 0.9820 upward. We anticipate the trend to continue and work out 0.9940 level.
USD/JPY currency pair is trading in a consolidation range at the top of the third pattern. First of all, we are considering a possible falling down to 102.05 (at least). Then we should take into account a possible rise to 104.40 as the fifth. At this point the correction move should stop. And after that the pair can continue its downtrend to work out 98.00.
AUD/USD currency pair has worked out its 5-wave pattern entirely. For today, we are taking into consideration a possible start of the third descending wave along the trade to reach 0.7400.
USD/RUB currency pair has completed its descending impulse. For today, the pair can rise to 65.35. As another option, the price can form a yet another descending wave to reach 63.00.
Gold has completed an upside impulse and its correction. Today the precious metal is trading under pressure and we see the 3rd wave. We expect a breakout of the high of the first impulse, and if the price forms a range, a rise can be expected to reach 1374. And this would be only a half of yet another rising wave. The main target is 1440.
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