Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Euro is moving inside a descending structure near its minimums. We think, today the price may consolidate and then form a reversal pattern. The market is expected to start another ascending wave with the target at level of 1.2928.
Pound is still moving close to the minimums of its descending structure. We think, today the price may consolidate and form a reversal pattern to start another ascending wave with the target at level of 1.6200.
Franc is moving near the maximums of its ascending structure. We think, today the price may consolidate and form a reversal pattern for a new descending wave with the target at level of 0.9350.
Yen has reached the targets of its ascending wave. We think, today the price may consolidate and form a reversal pattern to start a new descending movement with the target at level of 105.00.
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Australian Dollar has formed triangle pattern near its minimums. We think, today the price may start forming another ascending structure to break level of 0.88. The target of this ascending movement is at level of 0.8880.
Ruble is still moving inside an ascending structure. We think, today the price may test level of 41.12 from above and then form another ascending structure towards level of 41.96. Later, in our opinion, the market may consolidate and form a reversal pattern for a new descending correction.
Gold is still moving inside a descending correction. We think, today the price may return to level of 1240 and then fall towards 1235. Later, if the market breaks level of 1245 upwards, the instrument will continue growing towards level of 1261. However, if the market breaks level of 1230 downwards, it will continue moving inside this descending correction to reach level of 1218.
RoboForex Analytical Department
Article By RoboForex.com
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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.