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Ferramentas
EUR/USD
On the euro chart, an upward wave was developing the entire past month, correcting the last part of the previous trend. The preliminary calculation indicates about the price figure to the potential target area of the pair. The price has reached an intermediate level of resistance, from which a rollback is possible today.
Forecast:
Today, in the first half of the day, the probability of flat movement in the side plane remains on the euro chart. A short-term price reduction is possible, not beyond the support zone. Return to the main course of movement is likely at the end of the day or tomorrow.
Recommendations:
Today, sales of the euro are risky because of the small potential for decline. At the end of the upcoming price rollback, it is recommended to monitor the signals of buying the instrument.
Resistance zone:
- 1.1400/1.1430
- 1.1490/1.1520
Support zone:
- 1.1340/1.1310
AUD/USD
The direction of the main trend on the Australian dollar chart is set from the end of January by a bearish wave. The price will reach a strong level of support. From May 20, an upward corrective wave develops, which has the wrong kind of structure. Since June 18, the final part (C) has been formed, which has reached the minimum possible level of elongation.
Forecast:
In the coming sessions, the most likely scenario of the pair's movement will be a "sideways" along the lower border of the resistance zone. After attempts at pressure on this zone by the end of the day, a decrease in the possible support may begin.
Recommendations:
Today, purchases are not very promising due to limited upward potential. Intraday supporters can make short-term sales. For longer transactions, it is better to refrain from entering the market and look for signals to buy a pair at the end of the upcoming rollback.
Resistance zone:
- 0.6960/0.6990
Support zone:
- 0.6910/0.6880
GBP/JPY
Within the framework of the dominant bearish trend on the cross chart, a bullish correction has been developing since May 31. Its structure has the wrong look. The final part (C) started on June 18. The expected level of completion is in the zone of calculated resistance.
Forecast:
Today in the morning, the completion of the rollback down is expected. On the American session, a reversal and the beginning of price growth is possible. When the rate changes, the volatility of the instrument can significantly increase.
Recommendations:
Sales of cross-pair today are unpromising. In the area of settlement support, it is recommended to track the reversal signals to find the points of purchase of the pair.
Resistance zone:
- 137.50/137.80
Support zone:
- 136.60/136.30
Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A-B-C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.
Note: The wave algorithm does not take into account the duration of tool movements over time.
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