Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is moving downwards today and may reach the lower border of its consolidation channel. In general, the price is expected to form flag correctional pattern.
Pound is moving upwards today and may reach level of 1.5015. After that, the price may start falling to break its consolidation channel downwards. The target is at level of 1.4400.
Franc is growing. We think, today the price may continue consolidating and reach level of 0.9865. Probably, the market may form flag correctional pattern.
After making a descending movement last Friday, Yen is consolidating inside a narrow trading range. This movement may be considered as the fifth wave with the target at level of 117.50. After that, the market may form another ascending wave to reach a new high.
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Australian Dollar is attempting to continue its ascending movement towards level of 0.7728. After that, the price may fall and reach level of 0.7510.
Ruble is still moving downwards; the main target is at level of 55.00. After reaching it, the pair may return to level of 58.00 and then start another descending movement towards level of 48.00.
The markets are still in the “Easter mode” today. Tomorrow after the market opening, the price is expected to continue falling towards the target at 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.