Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has broken its consolidation channel downwards and right now is falling to reach the target at 1.1100. We think, today the price may grow a bit towards 1.1170 to test the channel’s low from below. After that, the pair may continue falling to reach the above-mentioned target.
Pound is forming another ascending structure with the target at 1.4693. We think, today the price may consolidate at the current levels and then grow to expand the channel towards the target. Later, in our opinion, the market may start forming another descending wave towards 1.4200.
Franc is still consolidating at the top. We think, today the price may grow to reach 0.9944. After that, the pair may form another descending impulse. The market is expected to start a new correction towards 0.9700.
Yen has completed the correction. We think, today the price may start another descending wave to reach the local target at 104.00.
Free Reports:
Australian Dollar is falling towards the target at 0.7130. We think, today the price may return to 0.7200 and then continue moving downwards to reach the above-mentioned target. After that, the pair may start a new correction towards 0.7480.
Russian Ruble is consolidating. If later the pair breaks this range upwards, the correction may continue towards 69.00; if downwards – fall to reach 65.30.
Gold has broken its consolidation channel downwards. The price is expected to continue falling to reach 1200.
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.