Forecast for June 21st 2012
The EUR/USD currency pair is still moving inside the ascending channel, we should expect Euro to continue growing up. The target of the pattern is the area of 1.29. One can consider selling the pair from the current levels. If the price breaks the channel’s lower border, this scenario will be cancelled.
The GBP/USD currency pair continues moving inside the ascending pattern, currently we should expect the price to test the area of 1.5810. One can consider buying the pair near the level of 1.5615. The target of the ascending pattern is the area of 1.5945.
The USD/CHF currency pair is moving inside the descending pattern, the target of the fall is the area of 0.9295. Right now one can try to sell the pair from the area of 0.9535. If the price grows up higher than 0.9580, this scenario will be cancelled.
New Zealand Dollar has reached the target level. Currently we should expect the price to fall down towards the channel’s lower border in the area of 0.7880, where one can consider buying the pair with the tight stop. The target of the ascending pattern is the area of 0.8035.