For the euro / dollar and dollar / franc while watching the structure of 9 January as the main reference point. For the GBP / USD price is in the correction zone from falling structure on January 10. The pair dollar / yen formed potential for the top , but expressed initial conditions we do not observe . For the euro / yen and pound / yen pair is similar to painting Dollar / Yen and here we expect a more specific structure formation .
Forecast for January 15 :
For the euro / dollar important levels are 1.3834, 1.3791, 1.3771, 1.3719, 1.3699, 1.3654, 1.3636, 1.3605 and 1.3551. Here the rising structure of 9 January is still relevant for the purposes of the definition. Short-term upward movement forward in the corridor 1.3699-1.3719, break of the latter should be accompanied by a strong upward movement, the Target here- 1.3771, 1.3771 in the hallway- 1.3791 price consolidation. Potential value for the top level of 1.3834 believe at which downward pullback . Short-term downward movement is possible in the corridor 1.3636-1.3605, hence we expect the key reversal up, breakdown of the level 1.3605 will favor the falling structure , in this case the target- 1.3551.
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