Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Euro is still under pressure and moving downwards. We think, today price may reach level of 1.3510 and then start forming another ascending structure towards level of 1.3710.
Pound is falling down a little bit. We think, today price may reach level of 1.7075 and then continue moving upwards inside ascending trend towards level of 1.7500.
Franc is forming consolidation channel, which may be considered as reversal pattern. We think, today price may continue falling down towards next target at level of 0.8830.
Yen continues moving inside its third descending wave towards level of 99.30. We think, today price may form another structure with target at level of 100.50.
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Australian Dollar is still moving downwards; this movement may be considered as a part of descending wave towards level of 0.9320. Later, in our opinion, instrument may return to level of 0.9360 and then form another descending structure to reach level of 0.9270.
Ruble continued extending its ascending structure and reached target of correctional wave. We think, today price may consolidate for a while at current highs; this consolidation may be considered as reversal pattern. Later, in our opinion, instrument may leave its ascending channel and form the fifth descending wave towards level of 33.20.
Gold reached target of its correction. We think, today price may break ascending channel downwards and form head & shoulders reversal pattern. Target of this pattern is at level of 1255.
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.