Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is falling today. Possibly, the price may make a movement to reach level of 1.1018. Later, in our opinion, the market may continue falling towards level of 1.0801.
Pound continues moving downwards. The main target of this descending wave at level of 1.4400. We think, today, the price may reach level of 1.5210 and complete the first wave or maybe extend it up to level of 1.4950.
Franc is moving upwards. We think, today, the price may reach level of 0.9542 and then fall to test level of 0.9450. Later, in our opinion, the market may start another ascending movement with the target at level of 0.9750.
Yen continues extending its ascending wave. Possibly, today the price may grow towards level of 125.82. However, we should note that such extensions may be completed at any moment without reaching the targets, because this ascending movement is forced by the regulator, but not by market behavior.
Free Reports:
Australian Dollar is moving downwards; the market has formed another narrow consolidation channel. According to the main scenario, the price may break this channel downwards and reach level of 0.7500. After that, the pair may return to level of 0.7727.
Ruble is rebounding from level of 52.68. Possibly, the pair may fall towards level of 49.50; this descending structure may be considered as a correction towards the previous ascending impulse. Later, in our opinion, the market may form the third ascending wave with the target at level of 55.50.
Gold is falling. We think, today, the price may reach level of 1178 and then rebound from it towards level of 1200. Later, in our opinion, the market may continue falling to reach the next target at level of 1164.
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.