Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has completed an ascending impulse. We think, today the price may correct this impulse towards level of 1.2354, consolidate for a while, and then fall to reach level of 1.2294. Later, in our opinion, the market may form another consolidation channel and a reversal structure to return to level of 1.2453.
Pound has finished an ascending impulse. We think, today the price may correct it towards level of 1.5624. Later, in our opinion, the market may start another ascending structure with the target at level of 1.5721. The local target is at 1.5820.
Franc has completed a descending impulse. We think, today the price may correct this impulse towards level of 0.9736, consolidate for a while, and then grow to reach level of 0.9774. Later, in our opinion, the market may continue falling to break level of 0.9645. The local target is at 0.9520.
Yen has formed a strong descending impulse. We think, today the price may form a correction towards level of 120.89 and then form the second descending impulse to break level of 117.75. The local target is at 114.66.
Free Reports:
Australian Dollar has completed an ascending impulse and corrected it. We think, today the price may form another structure to return to level of 0.8489. Later, in our opinion, the market may continue falling towards level of 0.8324.
Ruble is still moving close to the top of its ascending wave. We think, today the price may reach level of 54.70 and then fall towards level of 52.57. Later, in our opinion, the market may form another ascending structure with the target at level of 54.97. After that, the pair may start a serious descending correction.
Gold is still forming an ascending structure with the target at 1250. We think, today the price may form a consolidation channel and test level of 1224 from above. Later, in our opinion, the market may break this channel upwards to reach the above-mentioned target and then start a new descending movement towards level of 1190.
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.