EURUSD

According to my yesterday’s projection market defeated today the 1.0960 support thus opening the way for further declines. In the near future we expect a correction of growth and re-test the aforementioned 1.0960 level, this time as resistance.

The rejection of this level would be a signal to continue to decline even in the area of the lower limit of the triangle formation on the weekly chart.

GBPUSD

Today’s dynamic falls defeated the neck line realizing the formation of Head and Shoulders opening the way for further declines. Strong bullish response appeared only in the area of local support at 1.2219 and in the near future we expect a re-test of the defeated today resistance zone coinciding with the 38.2% correction levels from ongoing since yesterday decline and 50% Fibonacci momentum from today’s downward movement. The rejection of this level would be a signal to continue falling, for which the potential target would appear to be support at 1.2178.

AUDUSD

Almost from the beginning of the day the market moves today down. AUDUSD lost today -1.18%. As a result of that market declines defeated the uptrend line and three in a turn supports and opened the way for further declines, even in the vicinity of the zone of support and the level of 0.7587.