Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
EUR/USD: [v] of C may have been formed
Wave [v] of C may have been formed. So, if the price fixates under 7/8 MM Level, bears are likely going to deliver wave [i]. The main intraday target is 5/8 MM Level.
Wave (v) of [v] has been ended, so the price is declining. There's a developing wave (i), which is likely going to be continued. So, we should keep an eye on 2/8 MM Level as an intraday target.
GBP/USD is having a third bullish week in a row.
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.