Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has broken its ascending channel. We think, today the price may continue forming another descending structure to reach a new low. The target is at level of 1.0507.
Pound has broken its ascending channel and right now is moving downwards. We think, today the price may continue falling towards its local target at level of 1.4500.
Franc has broken its descending channel. We think, today the price may form an ascending structure to reach level of 0.9686 at least. Later, in our opinion, the market may fall towards 0.9570 and then form another ascending wave with the target at level of 0.9930.
Yen has broken its descending channel and right now is moving upwards. We think, today the price may reach level of 119.70 or even 119.10 (as a correction). After that, the market may grow to break level of 120.00 and then continue growing towards level of 121.00.
Free Reports:
Australian Dollar has broken its ascending channel and right now is falling. The main target is at level of 0.7510. We think, today the price may reach level of 0.7653 and then return to level of 0.7745. After that, the pair may continue falling inside the downtrend.
Ruble is still forming an ascending wave, which may be considered as a technical correction. Possibly, the price may reach level of 54.00. After that, the market may form another descending structure to reach level of 46.00.
In case of Gold, we can see some signs of double top pattern; the market has broken the pattern downwards. We think, today the price may continue falling inside the downtrend and reach level of 1168.
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.