InvestMacro

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3095. Later, the market may break this level and continue growing. However, an alternative scenario implies that the asset may correct to reach 1.2920 first and then resume trading upwards.

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has formed a Hammer reversal pattern near the support level. At the moment, the asset is reversing and forming a new rising impulse. In this case, the upside target may be the resistance level at 0.6970. After testing the level, the price may rebound from it and resume the descending tendency. At the same time, the opposite scenario implies that the price may fall to reach 0.6815 and continue the downtrend without any corrections.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after testing the support area, the pair has formed several reversal patterns, for example, Hammer. At the moment, USDCHF may reverse in the form of a new ascending impulse. In this case, the upside target may be at 0.9735. After testing the resistance level, the price may break it and continue trading upwards. Still, there might be an alternative scenario, according to which the asset may fall to reach 0.9540 and continue the ascending tendency only after the correction.

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.

By ForexTime 

Last week, we cited the possibility of the US dollar falling as recession fears mount.

At the time of writing, the benchmark dollar index (DXY) is set for a weekly decline, ending a run of three consecutive weekly gains. The softer greenback has in turn allowed EURUSD to resurface back above 1.05.

The bloc’s currency will be in focus going into the second half of 2022, amid these scheduled data releases and events in the coming week:

Monday, June 27

• CNH: China May industrial profits
• US crude: EIA weekly US crude inventories (delayed from last Thursday)

Tuesday, June 28

• GBP: BOE Deputy Governor Jonathan Cunliffe speech
• USD: San Francisco Fed President Mary Daly speech; US June consumer confidence

Wednesday, June 29

• JPY: Japan May retail sales, June consumer confidence
• AUD: Australia May retail sales
• ECB panel featuring ECB President Christine Lagarde, Fed Chair Jerome Powell, and BOE Governor Andrew Bailey
• EUR: Eurozone economic confidence; Germany June inflation
• USD: US 1Q GDP (third print); speeches by Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard
• US crude: EIA weekly US crude inventories

Thursday, June 30

• JPY: Japan May industrial production
• NZD: New Zealand June business confidence
• CNH: China June PMIs
• GBP: UK 1Q GDP (final print)
• EUR: Eurozone May unemployment
• Brent: OPEC+ meeting
• USD: US weekly initial jobless claims, May personal income/spending, May PCE deflator

Friday, July 1

• NZD: New Zealand June consumer confidence
• AUD: Australia June manufacturing PMI
• JPY: Japan June Tokyo CPI, May jobless rate
• CNH: China June Caixin manufacturing PMI
• EUR: Eurozone June CPI and manufacturing PMI
• USD: US June ISM manufacturing, June S&P Global manufacturing PMI

The Eurozone’s incoming unemployment and inflation data are set to be interpreted within the context of the European Central Bank’s plans to raise interest rates.

As things stand, the ECB has already well-telegraphed to the markets its intentions for a 25-basis point rate hike in July. The ECB could then trigger a larger 50bps hike at its following meeting in September.

Those two hikes alone should bring the curtains down on the ECB’s negative interest rates regime, with markets expecting 200 basis points in hikes between now and March 2023.

However, the ECB may be forced to front-load its rate hikes, just like the Fed is doing, if the Eurozone’s inflation print comes in much hotter than expected.

The median estimate for the June CPI print is 8.3%, which would be a fresh record high for the Eurozone, and also higher than May’s 8.1% year-on-year print.

And if its unemployment rate continues to show resilience, with markets expecting the May print to be 10 basis points lower than April’s 6.8% print, that could even pave the way for ECB officials to become even more aggressive in its battle against record-high inflation!

EURUSD eyes 50-day SMA resistance and 1.035 support

If this narrative holds and markets ramp up their bets for a more aggressive ECB, that could help EURUSD retest its 50-day moving average as the immediate resistance level, currently hovering around the 1.06 mark.

Otherwise, a lower EURUSD could bring the 1.035 support region back into focus, having offered the world’s most popular currency pair two chances to rebound since May.

Overall, EURUSD is expected to continue being guided lower by its 50-day SMA, as has been the case over the past 12 months.

The euro’s upside remains capped by two major themes:

• Recession risks are still clouding the Eurozone’s economic outlook, noting that the Russia-Ukraine war is still raging off the bloc’s eastern borders.
• Fragmentation risks also weigh heavily on the euro, and the ECB’s new anti-crisis policy tool must be able to convince the markets of its effectiveness. Otherwise, the yields disparity could run out of control and trigger unruly declines in EURUSD.

Of course, the US dollar will have a major say on EURUSD’s performance. If the prospects of a US recession loom larger, that could translate into more moderation for the buck and more relief for the euro.

And with ECB President Christine Lagarde potentially offering more policy signals side-by-side with Fed Chair Jerome Powell mid-week, that could offer fresh catalysts for the EURUSD as we head into July.

Still, the ECB has to deliver on the market’s hawkish rate hike bets while keeping the region’s fragmentation risks at bay, in order to sustain hopes of a recovery for the euro.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

By JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0564
• Prev Close: 1.0520
• % chg. over the last day: -0.42%

German and French PMI data showed that the Eurozone economy is starting to show signs of a slowdown. In Germany, the manufacturing PMI decreased from 54.8 to 52 while the services PMI dropped from 55 to 52.4. In France, the manufacturing PMI decreased from 58.3 to 54.4, and the services PMI declined from 54.6 to 51. Typically, a PMI falling below 50 is a sign of recession in which the central bank raises interest rates. At that time, Fed spokesman Kazimir said yesterday that some Eurozone countries might face a short-term recession.

Trading recommendations

• Support levels: 1.0408, 1.0379
• Resistance levels: 1.0555, 1.0611, 1.0680, 1.0723

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bearish. The price forms a wide corridor, and the MACD indicator has become inactive. Under such market conditions, sell deals can be considered from the resistance level of 1.0555 or the upper border of the flat, but only after the additional confirmation. A price move above 1.0611 will change the priority. Buy trades are best to look for on intraday time frames from the support level of 1.0408 or the lower border of the flat, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.0611 resistance level and fixes above, the uptrend will likely resume.

News feed for 2022.06.24:

• – Eurozone German Ifo Business Climate Index (m/m) at 11:00 (GMT+3);
• – Eurozone EU Leaders Summit at 13:00 (GMT+3);
• – US FOMC Bullard Speaks at 14:30 (GMT+3);
• – US New Home Sales (m/m) at 17:00 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2263
• Prev Close: 1.2260
• % chg. over the last day: -0.02%

The UK Manufacturing PMI declined last month from 54.6 to 53.4, while the service sector remained at 53.4. Despite all the media talk about the dire state of the UK economy, the PMI shows that business activity in the UK is higher than in the Eurozone.

Trading recommendations

• Support levels: 1.2238, 1.2093, 1.1974
• Resistance levels: 1.2422, 1.2470, 1.2523, 1.2629

From the technical point of view, the trend on the GBP/USD currency pair on the hourly time frame is bearish. The situation is very similar to the euro. The price forms a wide corridor, while the MACD indicator shows no activity. Under such market conditions, sell deals can be considered from the resistance level of 1.2422 or the upper border of the flat, but only after the additional confirmation. Buy trades are best to look for on intraday time frames from the support level of 1.2238 or the lower border of the flat, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.2422 resistance level and fixes above, the uptrend will likely resume.

News feed for 2022.06.24:

• – UK Retail Sales (m/m) at 09:00 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 136.21
• Prev Close: 134.96
• % chg. over the last day: -0.93%

The nationwide core Consumer Price Index was 2.1% for the second month in a row and again exceeded the Bank of Japan’s target level. This data challenges the Bank of Japan’s view that the recent price increase is temporary and does not require a withdrawal of monetary stimulus. Such sentiment provided a brief boost to the Japanese yen. But with wage growth slowing, many analysts expect the Bank of Japan to remain on a soft monetary policy rather than fighting inflation by raising interest rates.

Trading recommendations

• Support levels: 134.10, 133.35, 131.67, 131.00, 130.12, 129.48, 128.76
• Resistance levels: 135.23, 135.77, 136.66

The medium-term trend on the USD/JPY currency pair is bullish, but the price corrected today to the moving average lines and canceled the final balance. This is a sign of buyers’ weakness. The MACD indicator is in the negative zone. Under such market conditions, buy trades can be considered from the support level of 134.10 or 133.35, but with confirmation. A resistance level of 135.23 is good for sell deals, but only with additional confirmation and short targets.

Alternative scenario: If the price fixes below 133.35, the downtrend will likely resume.

News feed for 2022.06.24:

• – Japan National Core Consumer Price Index at 02:30 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2945
• Prev Close: 1.2995
• % chg. over the last day: +0.39%

The Canadian dollar is a commodity currency, so it depends not only on the USD index dynamics but also on the oil quotes. The dollar index yesterday strengthened after the speech of Jerome Powell in front of Congress, while oil quotes went down. As a result, the Canadian dollar lost some ground. But worth noting that the Bank of Canada is on its way to raising interest rates, and the latest inflation data in Canada showed that inflation is not stopping. Therefore, on expectations of an aggressive rate hike at the next meeting, the Canadian dollar may get a boost soon.

Trading recommendations

• Support levels: 1.2966, 1.2893, 1.2815, 1.2709, 1.2618, 1.2578, 1.2510
• Resistance levels: 1.3068

In terms of technical analysis, the trend on the USD/CAD currency pair is bullish. The MACD indicator has become positive, and the buyers are showing their strength again. Under such market conditions, it is better to look for buy deals in the lower time frames from the support level of 1.2966. For sell deals, it is better to consider the resistance level of 1.3068, but it is also better with confirmation and short targets.

Alternative scenario: if the price breaks through and consolidates below the 1.2815 support level, the downtrend will likely resume.

There is no news feed for today.

By JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading inside the “oversold area”. In this case, the pair is expected to test -1/8, break it, and then continue growing to reach the resistance at 0/8. However, this scenario may be cancelled if the price breaks the support at -2/8 to the downside. After that, the lines in the chart will be redrawn, thus helping us to define new downside targets.

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break the support at 1/8 and continue moving downwards to reach 0/8. However, this scenario may no longer be valid if the price breaks the resistance at 2/8 to the upside. After that, the instrument may reverse and grow towards 3/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

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.

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Hammer reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 1844.50. At the same time, an opposite scenario implies that the price may fall to reach 1820.00 without any pullbacks.

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, NZDUSD has formed a Harami reversal pattern close to the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 0.6320. After that, the asset may rebound from the resistance level and resume moving downwards. However, an alternative scenario implies that the price may continue falling to reach 0.6195 without testing the resistance level.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has formed a Harami reversal pattern near the support level. At the moment, the pair is reversing in the form of a new rising impulse. In this case, the upside target remains at 1.2365. Later, the market may rebound from the resistance area and resume falling to reach the target at 1.2135.

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.

By JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.0531
• Prev Close: 1.0568
• % chg. over the last day: +0.35%

On Wednesday, the dollar fell as US Treasury yields drop amid fears the US economy could slide into recession. It happened after Federal Reserve Chairman Jerome Powell said raising interest rates could lead to an economic slowdown. Investors fear that aggressive interest rate hikes by major central banks to curb inflation could lead to a global slowdown or recession. Higher rates have strengthened the dollar, but the euro has been rising recently thanks to plans by the European Central Bank to raise rates to curb inflation as well.

Trading recommendations

• Support levels: 1.0531, 1.0408, 1.0379
• Resistance levels: 1.0611, 1.0680, 1.0723

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bearish. But the pressure of buyers is increasing, the MACD indicator has become positive, and the price is close to changing the trend. Under such market conditions, sell deals can be considered from the resistance level of 1.0611, but only after the additional confirmation. A price move above 1.0611 will change the priority. Buy trades are best to look for on intraday time frames from the support level of 1.0531, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.0611 resistance level and fixes above, the uptrend will likely resume.

News feed for 2022.06.23:

• – Eurozone French Manufacturing PMI (m/m) at 10:15 (GMT+3);
• – Eurozone French Services PMI (m/m) at 10:15 (GMT+3);
• – Eurozone German Manufacturing PMI (m/m) at 10:30 (GMT+3);
• – Eurozone German Services PMI (m/m) at 10:30 (GMT+3);
• – Eurozone ECB Economic Bulletin at 11:00 (GMT+3);
• – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
• – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
• – Eurozone EU Leaders Summit at 13:00 (GMT+3);
• – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
• – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
• – US Services PMI (m/m) at 16:45 (GMT+3);
• – US Fed Chair Powell Testifies at 17:00 (GMT+3).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2263
• Prev Close: 1.2262
• % chg. over the last day: -0.01%

The UK Consumer Price Index was 9.1% in annual terms (forecast 9.1%, previous 9.0%). Monthly inflation rose by 0.7%. The last time this level of inflation was in 1982. Residential services, primarily electricity, gas and other fuels, and transportation contributed the most to the rise in inflation. To summarize, rising food and energy prices continue to exacerbate the country’s cost-of-living crisis. The main bank rate is now at a 13-year high of 1.25%, and the Bank of England expects inflation to exceed 11% by October. Analysts believe the central bank will be forced to take stricter measures at its upcoming meetings.

Trading recommendations

• Support levels: 1.2222, 1.2093, 1.1974
• Resistance levels: 1.2422, 1.2470, 1.2523, 1.2629

From the technical point of view, the trend on the GBP/USD currency pair on the hourly time frame is bearish. The price has corrected to the average values, the MACD indicator has become inactive, and a sideways trend is forming. Under such market conditions, sell deals can be considered from the resistance level of 1.2422, but only after the additional confirmation. Buy trades are best to look for on intraday time frames from the support level of 1.2222, but only with confirmation and short targets.

Alternative scenario: if the price breaks out through the 1.2422 resistance level and fixes above, the uptrend will likely resume.

News feed for 2022.06.23:

• – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
• – UK Services PMI (m/m) at 11:30 (GMT+3).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 136.58
• Prev Close: 136.22
• % chg. over the last day: -0.26%

The Bank of Japan is forced to take increasingly tough action to maintain its yield curve control strategy as other central banks, such as the Fed, continue raising interest rates. Consequently, selling pressure on the yen increases as foreign rates rise. But analysts are confident that it will become increasingly challenging to keep policy soft going forward. Japan imports most of its energy from abroad, so the country’s trade surplus has recently turned into a trade deficit as oil prices skyrocket. And tourists are still unable to visit the island, further depressing demand for the yen. Therefore, the Bank of Japan will be forced to capitulate and raise this ceiling entirely or remove yield controls.

Trading recommendations

• Support levels: 135.12, 133.35, 131.67, 131.00, 130.12, 129.48, 128.76
• Resistance levels: 135.77, 136.66

The medium-term trend on the USD/JPY currency pair is bullish. The price has corrected to the moving averages. Under such market conditions, buy trades can be considered from the support level of 135.12, but with confirmation. A resistance level of 135.77 is good for sell deals, but only with additional confirmation and short targets.

Alternative scenario: If the price fixes below 133.35, the downtrend will likely resume.

News feed for 2022.06.23:

• – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
• – Japan Services PMI (m/m) at 03:30 (GMT+3).

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2921
• Prev Close: 1.2946
• % chg. over the last day: +0.19%

The Consumer Price Index in Canada increased by 1.4% last month (forecast +1%, previous +0.6%). Thus, inflation in Canada reached 7.7% annually, which is a record since 1983. Core inflation (which excludes food and fuel prices) rose from 5.8% to 6.3% year on year. Analysts believe the sharp rise in inflation in Canada will boost investor expectations for a more aggressive interest rate hike by the Bank of Canada, which in turn will add confidence to the Canadian dollar. The Bank of Canada may go for a 75 bps hike as early as the next meeting.

Trading recommendations

• Support levels: 1.2920, 1.2815, 1.2709, 1.2618, 1.2578, 1.2510
• Resistance levels: 1.2980, 1.3068

In terms of technical analysis, the trend on the USD/CAD currency pair is bullish. The MACD indicator has become inactive, the price has corrected to its average values, and a sideways trend is forming. Under such market conditions, it is better to look for buy deals in the lower time frames from the support level of 1.2920. For sell deals, it is better to consider the resistance level of 1.2980, but it is also better with confirmation and short targets.

Alternative scenario: if the price breaks through and consolidates below the 1.2815 support level, the downtrend will likely resume.

News feed for 2022.06.23:

• – US Crude Oil Reserves (w/w) at 18:30 (GMT+3).

By JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

RoboForex, an international broker, received the “Best Prime Trading Account (Global)” award at the Ultimate Fintech Awards 2022.

Awards were presented on 9 June 2022, on the final day of the iFX EXPO organised by Ultimate Fintech. An international trader community named Prime accounts from RoboForex the best in the premium segment for their trading conditions and safety.

A Prime account from RoboForex

• Spreads from 0 pips
• Minimum order volume 0.01
• Commission $10 for the trading volume of $1 million
• Leverage up to 1:300

For nigh on 10 years, the Ultimate Fintech team brings together professionals in the fields of trading and financial technologies. Their clients, partners, and traders chose the best broker of 2022 via online voting. Awards were presented in different categories Global Awards, Regional Awards и B2B Awards. As the names imply global and regional awards decide the winners based on nominees’ size of business, while B2B awards are presented in specific categories of the service provision.

Robert Stephenson, Chief Business Officer at RoboForex “Our Prime accounts, which offer the best trading conditions available at the company, are designed for “advanced” traders. We consider it our achievement that the trader community named this account type the best in the global market. The company would like to thank everyone who voted for RoboForex”.

About RoboForex

RoboForex is a company, which delivers brokerage services. The company provides traders who work on financial markets with access to its proprietary trading platforms. RoboForex Ltd has the brokerage license FSC 000138/333. More detailed information about the Company’s products and activities can be found on the official website at roboforex.com.

About Ultimate Fintech

Ultimate Fintech is a full-service marketing and PR agency. The company’s mission is to increase its clients’ ROI by connecting their brands to the right audience using a wide range of proprietary products and services.

RoboMarkets won the title of “Best Broker (Europe)” at the Ultimate Fintech Awards 2022. The event took place in Cyprus, on the final day of the iFX EXPO in Limassol on 9 June 2022.

From 25 May to 1 June 2022, online voting was held on the marketing agency’s website, whereby all registered visitors had the opportunity to vote for the nominees in the different categories. The European financial company, RoboMarkets, was recognised as the best broker in Europe, as announced by the Ultimate Fintech Awards 2022.

Denis Golomedov, Chief Marketing Officer at RoboMarkets comments: “RoboMarkets is very honoured to receive such a high accolade from the industry experts. The company has come a long way to achieve it. We’ve significantly enhanced our investment conditions, added numerous new instruments, and improved the quality of the company’s mobile products. RoboMarkets is planning to continue upgrading its existing solutions and implementing new ones to confirm its status as the best broker in the market year after year”.

About Ultimate Fintech

Ultimate Fintech is a full-service marketing and PR agency. The company’s mission is to increase its clients’ ROI by connecting brands to the right audience using a wide range of proprietary products and services.

About RoboMarkets

RoboMarkets is an investment company operating under CySEC licence No. 191/13. RoboMarkets offers investment services in many European countries by providing traders who work in the financial market with access to its proprietary trading platforms. Find out more detailed information about the Company’s products and activities on www.robomarkets.com.

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 and may later continue falling with the target at 1.1819.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending wave at 136.66; right now, it is forming a new descending structure towards 134.50. After that, the instrument may resume trading upwards with the target at 137.50.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9666 without any specific direction. Possibly, today the pair may break the range to the upside and resume trading upwards to break 0.9833. After that, the instrument may continue growing with the target at 1.0045.

AUDUSD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6996, AUDUSD is forming a new descending structure to break 0.6862. Later, the market may continue trading downwards with the target at 0.6790.

BRENT

Having broken 112.00 to the downside, Brent is expected to continue the correction down to 107.44 and may later start another growth break 116.66. After that, the instrument may continue trading upwards with the target at 126.00.

XAUUSD, “Gold vs US Dollar”

Gold has finished the correction at 1843.15; right now, it is forming a new descending structure towards 1817.50. After that, the instrument may break the latter level and continue falling with the target at 1790.00.

S&P 500

The S&P index has completed the correction at 3775.0; right now, it is falling to break 3640.0 and may later continue trading downwards with the target at 3500.0.

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.