Currencies are believed to move in cycles, which means that one may try to estimate and predict their future fluctuations. Technical analysis helps to look into behavior of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.
EURUSD is still falling. Possibly, today the pair may reach 1.1883 and then start a new growth towards 1.2000, thus forming a new consolidation range between these two levels.
Gold is moving downwards; it has already reached 1700.00.
Brent has completed the ascending wave at 64.00; right now, it is consolidating around this level.
USDJPY is still consolidating around 106.60.
GBPUSD is still consolidating near the lows. Possibly, the pair may expand the range 1.3820 to extend the correction.
As we can see in the daily chart, after completing the ascending wave at 58000.00 along with the correctional structure towards 43000.00.
After finishing the correction at 1.2066, EURUSD is consolidating above this level.
After finishing the correction at 3936.1, the S&P index is falling to break 3810.0.