EURUSD has formed the first wave of decline to 1.0944. Today a correction to 1.1111 could develop. This is the second wave. Once the correction is over, the third wave of decline to 1.0888 could follow. With a downward breakout of this level, the wave could extend to 1.0666. This is a local target. After this target is achieved, a correction to 1.0888 could start. This will be the fourth wave, followed by a decline to 1.0505 as the fifth wave. This is the main target. {chart} GBPUSD has formed the first wave of decline to 1.2762. Today the market is forming a structure of correction to 1.2955. This is the second ... (full story)