Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has completed another five-wave ascending structure; the whole structure may be considered as a correction. We think, today the price may form a reversal pattern at current highs. Later, in our opinion, the market may form another descending structure to reach level of 1.0500.
Pound has formed another ascending structure; the whole structure may be considered as a correction. We think, today the price may start forming a reversal pattern to start falling towards level of 1.4400.
Franc is forming a consolidation channel inside a descending impulse. We think, today the price may grow to reach level of 0.9760 and then form a correction towards level of 0.9600. Later, in our opinion, the price may move upwards to reach level of 0.9930.
Yen is still consolidating; the pair has corrected another ascending structure. We think, today the price may break this consolidation channel. If upwards – the market may reach level of 121.00; if downwards – reach level of 117.40.
Free Reports:
Australian Dollar is forming another ascending structure towards level of 0.7830. After that, the pair may form a reversal pattern for a new descending movement. The main target is to reach new lows and level of 0.7510.
Ruble continues falling. We think, today the price may reach level of 46.00. After that, the market may form another consolidation channel and break it downwards to reach level of 44.00. Possibly, this structure may be extended towards level of 40.00.
Gold is still forming a consolidation channel. We think, today the price may reach level of 1198. Later, in our opinion, the market may continue falling to break the minimum and expand this channel downwards. The first downside target is at 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.