Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has expanded its consolidation range upwards and right now is falling to expand its downwards as well. The market is expected to test 1.1146 very soon. After that, the pair may move downwards and expand the channel towards 1.1100.
Being under pressure, Pound is falling. We think, today the price may form the third descending impulse to reach 1.4686. After that, the pair may be corrected towards 1.4505 and then fall with the target at 1.4300.
Franc is returning to 0.9924. Later, in our opinion, the market may grow towards 0.9960. If the pair falls and breaks 0.9885, it may start a new correction with the target at 0.9800.
Yen is falling quite fast. We think, today the price may be corrected towards 108.90 and then grow to reach 111.80.
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Australian Dollar has broken its consolidation range upwards and may continue growing to expand it and reach 0.7324.
Russian Ruble is moving in the center of its consolidation range, which may be considered as the flagcorrectional pattern, and forming another ascending structure towards to reach 67.62. Later, in our opinion, the market may fall towards 63.30.
Being under pressure, Gold is moving upwards. We think, today the price may reach 1222 to test it from below and then fall towards 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.