ECB chief Mario Draghi continues to pursue "verbal interventions".
On Friday, the USD/JPY pair is adjusted after a political decision and an economic commentary.
In our previous review, “Completion of the downtrend. Wave analysis of XAU/USD for 13.11.2014”, we discussed one of the possible scenarios how the price may complete the downtrend and start the uptrend.
After rebounding twice from local retracements, Eurodollar made a fast descending movement.
Yesterday, after rebounding from the daily Super Trend several times, Eurodollar started falling again.
GBP USD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen formed “Golden Cross” (1) below Kumo Cloud.
One of the possible scenarios implies that Euro is forming the final descending wave (E) of [B], which may take the form of a large zigzag.
The H4 chart of EUR USD shows a sideways correction above the closest Window, which is a support level.
The correction continues.