FOREX Market Trend Today:
For the EUR / USD continued upward movement forward after the break 1.3700. The pair USD / CHF down movement forward after the break 0.8928 . For the GBP / USD January 24, formed the potential for downward movement. The pair dollar/yen watching the falling structure formation from January 23. For the euro / yen reversed the upward price structure and here we are watching the small local downward cycle of 23 January . For the pound / yen continued downward movement forward after the breakdown of 167.42.
FOREX Signal For EUR/USD:
For the euro/dollar important levels are 1.3756, 1.3699, 1.3629 and 1.3589. Here goals remain unchanged and we will continue to monitor the development of the rising structure from January 20. Continue upward movement forward after the break 1.3699, in this case the target- 1.3717 in the corridor 1.3717-1.3731 price consolidation. Potential value for the top level of 1.3756 believe, going to expect that after the breakdown of 1.3731.
Short-term downward movement is possible in the corridor 1.3661-1.3648, break of the latter will lead to a deeper movement, the goal here- 1.3629, from this level a key reversal up his pass price will favor the downward movement, in this case the target- 1.3589.
GBP/USD Signal:
For the GBP/USD key levels are 1.6658, 1.6519, 1.6335 and 1.6279. Here January 24, formed the potential for downward movement. Short-term downward movement forward in the corridor 1.6472-1.6434, break of the latter must be accompanied by a pronounced downward movement, the goal here 1.6364 , 1.6364 in the hallway- 1.6335 price consolidation. Potential value for the low level of 1.6279 believe at which pullback up. Short-term upward movement is possible in the corridor 1.6519-1.6543, break of the latter will lead to a deeper correction, the goal here- 1.6593, from this level a key reversal bottom, its passage costs will favor the rising structure, in this case the first target- 1.6658.
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