EUR/USD Completes Downside Push To 1.0858, GBP/USD Falls To 1.2742

EUR/USD

EUR/USD completed a downward impulse to 1.0858 and corrected to 1.0886, forming a consolidation range below this level today. A downward breakout is expected with a fall to 1.0845. If this level is also broken, it will open the possibility of a fluctuation to 1.0803 (local target of the downside wave) today.

GBP/USD

GBP/USD has fallen to 1.2742 and corrected to 1.2796, and a fall to 1.2733 is expected today. A breakout of this level will open the possibility of a fluctuation to 1.2673, with the possibility of reaching 1.2631, the first target of the downside wave.

USD/JPY

USD/JPY has fallen to 154.56. A correction with the target at 156.13 is possible today. Once the correction is completed, a new downward wave may start with the target at 153.77 as a local target of the downtrend.

USD/CHF

USD/CHF completed a downward wave reaching 0.8885. A consolidation range may form above this level today. With an upward breakout, the growth wave may continue to move towards 0.8950. Breaking through this level will open the possibility of fluctuations towards 0.9013 (the first target).

AUD/USD

AUD/USD completed the move towards 0.6630 and corrected towards 0.6663. Today, a wave of fluctuations with the target at 0.6630 is expected. Breaking through this level will open the possibility of fluctuations towards 0.6614, with the possibility of continuation towards 0.6575, which is the local target of the downward trend.

Brent Crude Oil

Brent Crude Oil has completed the decline towards 76.76 and almost reached the expected correction target. Today, a consolidation range may form at the current lows. With an upward breakout, a new growth wave may start with the target at 80.75. Breaking through this level will open the possibility of fluctuations towards 88.50, with the possibility of continuation towards 92.55, which is the first target of the next upward wave.

Gold/USD

Gold is currently in a consolidation phase around 2338.55. The market has completed the decline towards 2315.55 points. Today, there is a possibility of an increase towards 2338.55. If this level is also broken, it will open the potential for an increase to 2356.66. Exiting from this range upwards, the correction may develop to 2399.17. With a downward breakout, the trend may continue towards 2212.77, which is the local target.

S&P 500

The stock index formed a consolidation range around 5285.0, from which the market exited upwards today. In fact, the market suggests an expansion of the range to 5316.5, with the possibility of a continuation towards 5333.0. Subsequently, a decrease to 5238.8 is expected. Breaking this level will open the possibility of a trend move towards 5169.2.

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