Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is attempting to form a consolidation range and an ascending impulse towards its upper border. Right now, this impulse isn’t strong enough to continue. We think, today the price may reach a new low.
Pound is trying to form an ascending impulse. We think, today the price may grow towards the upper border of the current consolidation channel and then fall to reach the lower one.
Franc is still moving inside an ascending channel. We think, today the price may reach level of 1.0145 and then form another consolidation range.
Yen continues forming a descending impulse. We think, today the price may reach level of 120.30 and then grow to return to level of 121.15.
Free Reports:
Australian Dollar is still moving inside a descending channel to reach a new low at level of 0.7510. Later, in our opinion, the market may consolidate and form a reversal structure, or even start a correction.
Ruble is still consolidating without any particular direction. The price is expected to fall towards level of 57.40 and then return to level of 64.00.
Gold is also consolidating. We think, today the price may continue falling inside the downtrend to reach the target at level of 1113. After that, the market may start growing to return to level of 1250.
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.