Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
EURUSD remains to stay possibly in ascending trend phase. For today possible scenario is hitting 1.3660 or even 1.3680. In case it happens, I will assume that market will consolidate with further ascending impulse with target of 1.3800
GBPUSD is probably developing inside correctional phase with 1.6995 as a target. For today I assume that this level can be violated. After that probably market can initiate ascending move to 1.7115. After that, in case everything of described above happens, correctional phase may start.
USDCHF is continuing to move inside descending impulse. For today basic scenario is breakout of 0.8900 and further consolidation with possible bearish structure. Target for descending move is considered to be at 0.8780.
USDJPY is continuing to move is descending impulse. Breakout of 101.70 is expected with further decline to 101.00. After that price may test 101.70 from below and initiate additional decline to 99.30.
AUDUSD continues to move within bullish structure with 0.9465 as a target. After that I will expect development of correctional structure with 0.9270 as a target.
Free Reports:
Russian rouble is trading inside 3rd descending wave with 33.94 as a target. For today I will expect that target will be achieved with further development of 4th correctional structure and hitting 35.00. After that 5th descending wave can be developed with 33.20 as a target.
XAUUSD (Gold) is probably consolidating on the top of the ascending wave. I will expect that this phase is a part of reversal pattern. For today I will expect that new descending wave can be initiated with target 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.