Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Euro completed the third ascending impulse. We think, today price may form the fifth structure of this wave with target at 1.3826 and then start falling down towards level of 1.3765. Later, in our opinion, instrument may start new ascending wave towards level of 1.3990.
Pound reached new maximum and is still moving upwards. We think, today price may form consolidation channel and reversal pattern to start new descending wave with target at level of 1.6558.
Franc completed another descending impulse and right now is consolidating near its minimum; this consolidation may be considered as the third wave. We think, today price may continue moving downwards to reach target at level of 0.8780.
Yen rebounded from the upper border of its consolidation channel and may renew maximum of current wave. We think, today price may form reversal pattern to start new descending movement towards level of 100.00.
Australian Dollar formed another descending impulse. We think, today price may consolidate for a while and then form reversal pattern to start new descending movement towards level of 0.9200. Later, in our opinion, instrument may continue falling down to reach level of 0.9150.
Ruble is still forming descending structure. We think, today price may reach level of 34.90 and then return to 36.20. Later, in our opinion, instrument may start new descending wave.
Gold reached target of its descending movement. We think, today price may consolidate for a while, form reversal pattern, and start forming new ascending wave. Target is at level of 1435.
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.