Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
After completing ascending impulse, Euro started forming consolidation channel. We think, today price may return to level of 1.3560, start forming another ascending impulse and continue moving upwards. Main target is at level of 1.4100.
Pound is still consolidating. We think, today price may grow up to reach level of 1.6877 and then form another descending structure. Main target is at level of 1.6655. Later, in our opinion, instrument may start forming new ascending wave to break level of 1.7000.
After completing strong descending impulse, Franc started forming consolidation channel. We think, today price expand this channel upwards to reach level of 0.8985. Later, in our opinion, instrument may fall down to break level of 0.8900 and then continue moving downwards to reach level of 0.8300.
Yen is still forming descending impulse. We think, today price may reach target at level of 102.00 and then return to level of 102.40. Later, in our opinion, instrument may form the third descending wave. Local target is at 99.30.
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Australian Dollar is still forming ascending structure to test upper border of triangle pattern. Later, in our opinion, instrument may rebound from it, start new descending movement to break level of 0.9200, and then continue falling down to reach target at level of 0.9000.
Ruble couldn’t rebound from level of 34.60 and right now continues falling down to reach level of 33.95. Later, in our opinion, instrument may return to level of 35.00 and then start another descending wave towards level of 33.20.
Gold is still forming descending consolidation channel. We think, today price may form descending structure to reach level of 1213. Later, in our opinion, instrument may return to level of 1250 and then form another descending structure to reach to level of 1208.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.