Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is moving inside its consolidation channel. The most preferred scenario implies that the price may continue falling to reach level of 1.1240. After that, the pair may return to level of 1.1380.
Pound is attempting to expand its consolidation channel upwards. We think, today the price may reach level of 1.5510 and then continue forming a descending wave with the target at level of 1.5150.
Franc is still moving inside a narrow consolidation channel near the top. We think, today the price may continue growing to reach level of 0.9690 and then fall towards level of 0.8830.
Yen is moving downwards. We think, today the price may reach level of 117.75. After that, the pair may form a consolidation range and then then form continue falling inside the downtrend towards triangle’s lower border.
Free Reports:
Australian Dollar is moving upwards. We think, today the price may expand its trading range towards level of 0.7950 and then return to level of 0.7800.
Ruble is still moving inside a descending structure towards level of 58.00. After that, the pair may return to level of 63.00. Later, in our opinion, the market may continue falling inside the downtrend towards the target at 55.00.
Gold is still consolidating. Possibly, the price may expand this channel upwards and start a correction. However, according to the main scenario the downtrend may continue towards level of 1113.
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.