Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving downwards; the market hasn’t been able to form a correction. After reaching new lows, the pair is expected to continue falling towards level of 1.1000.
Pound is consolidating. After leaving the channel downwards, the price may reach level of 1.5285. This descending movement may be considered a correctional one.
Franc continues moving upwards. We think, today the price may reach level of 0.9615. One should note that this ascending movement is the result of regulator’s influence and can stop at any moment. The next downside target is at level of 0.8200; a local one – at 0.8830.
Yen has reach the target of another ascending structure. We think, today the price may fall towards level of 119.08. This descending movement may be considered as a part of wave with the target at level of 116.40.
Free Reports:
Australian Dollar continue falling. We think, today the price may form a consolidation range. Later, in our opinion, the market may break it downwards and reach level of 0.7700. After that, the pair may return to level of 0.7800.
Ruble is still moving inside a descending structure towards level of 57.40. This movement may be considered as the first wave of another descending structure. After that, the pair may start a correction to return to level of 64.00 and then continue falling inside the downtrend.
Gold is still moving upwards. Possibly, the price may expand its consolidation channel towards level of 1230. Later, in our opinion, the market may continue falling. The main target is at 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.