Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The Eurodollar currency pair is ending the correction with a return to the level of 1.1232. Today, we expect another decline to the level of 1.1157. And after that, another update to 1.1233. Next, we consider the completion of the correction and the beginning of another structure of decline. The next target is at the level of 1.1000.
The pound against dollar currency pair was able to develop a correction to the level of 1.5366. Next on in line we expect a decline to the level of 1.5267. Then, we consider the possibility of a consolidation. With a break down we expected to decline in the level of refinement of 1.4960.
The Dollar Franc currency pair is trading in consolidation above 0.9693. The basic scenario considers the continued growth to the level of refinement of 0.9816. Then – again, a return to the level of 0.9693. Then we look forward to continued growth to the level of refinement of 0.9870.
The dollar yen currency pair is trading today in the structure of the growth to the level of 120.33. Next, we are expecting a decline to a level of 119.46 – thus a consolidation forms. With the possibility a break through up we look at the growth to the level of refinement of 124.00. With the break down there is a possible continuation of the downward trend to the level of refinement of 115.00.
Free Reports:
The Australian dollar against the US dollar broke through the top of the first pulse of growth and continues to trade the recovery of the rate to the level of 0.7000. Next, we consider the possibility of an update of the minimum. The goal is 0.6888.
Today the Russian ruble will monitor the behaviour of the oil market. We expect the level of refinement of 70.00. Further we expect a decline to a level of 67.00. Then, the main scenario of the consolidation is expected to yield down to a continuation of the trend to the level of 52.50. As an alternative, do not rule out another emission of rates to the level of 73.60, and only then – again onto the decline in the trend.
Gold continues to trade in the structure of decline to the level of 1110.00. After passing this target we expect a development of a wave of growth with the recovery to the level of 1140.00. Further – a decline to the level of 1124.85.
RoboForex Analytical Department
Article By RoboForex.com
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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.