Euro continues moving downwards inside a consolidation channel. We think, today the price may return to the level of 1.2935 and then form another descending structure to reach a new minimum at 1.2830. Later, in our opinion, the pair may start a new ascending movement to test the level of 1.3000 from below and then continue falling down towards the target at 1.2780.
Franc reach a local target of the growth. We think, today the price may start a descending correction towards the level of 0.9490. This correction may be considered as the fourth wave. Later, in our opinion, the pair may start the fifth ascending wave with the target at 0.9770.


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