Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar is forming the third descending wave; the pair has already finished the correction. We think, today, the price may fall to reach the local target at 1.0870 and then form a new correction to return to 1.0974.
Pound is forming a descending wave towards 1.5545 today. After that, the pair may return to 1.5600 and resume falling to reach 1.5509.
Franc has completed the correction. We think, today, the price may grow towards 0.9761 and then form another correction to return to 0.9550.
Yen is forming an ascending wave to reach 124.67. After that, the pair may start a correction towards 122.94 and then another growth to reach 125.45.
Free Reports:
Australian Dollar is moving downwards. After reaching 0.7281, the market may start forming another ascending wave towards 0.7315. Later, in our opinion, the market may fall to reach 0.7284.
Although the market was opened with a gap up, the main scenario still implies that the price may start falling and break the minimum of the first impulse and the ascending channel as well. The next target is at 52.50.
Gold is falling towards 1079.46. After that, the price may grow to reach 1100.00. After forming a continuation pattern, the market is expected to start a new ascending wave with the target at 1131.81.
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.