Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is still forming an ascending wave, which may be considered as a correction. We think, today the price may consolidate. An alternative scenario implies that the pair may grow to reach level of 1.0950. However, the main one suggests that the market may form another descending structure to reach level of 1.0500.
Pound is still forming an ascending structure. We think, today the price may consolidate and form a reversal pattern. According to the main scenario, the market is expected to continue falling towards level of 1.4400.
Franc is still forming a consolidation channel. We think, today the price may break it upwards and then form an ascending structure to reach level of 0.9930.
Yen is still consolidating. If the price breaks this consolidation channel downwards – the market may continue falling to reach level of 117.44; if upwards – form an ascending structure towards level of 121.
Free Reports:
Australian Dollar has reached the target of its five-wave ascending structure. We think, today the price may consolidate and form a reversal pattern. The market is expected to start forming another descending wave with the target at level of 0.7510.
Ruble continues falling. Possibly, the pair may be corrected towards level of 58.00 while forming the current descending wave. The main target is at level of 46.00. The market mays tart falling inside the downtrend at any moment.
Although Gold has rebounded from its lows, this structure may be considered only as a correction. The main scenario implies that the market may continue falling towards the first target 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.