Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Eurodollar has started a new consolidation channel at the top of the ascending wave. After breaking this channel downwards, the pair may form another descending wave to return to 1.1100.
The market was opened with a gap down and Pound reached another downside target. Possibly, today the price may extend this structure to reach 1.4300. After that, the pair may grow to reach the upside border of this consolidation range.
Franc has started another consolidation channel. We think, today the price may move upwards to break 0.9955. Later, in our opinion, the market may continue growing inside the consolidation channel towards 1.0500.
Yen is forming another descending wave with the main target at 104.00. We think, today the price may test 109.06 from below and then continue falling to reach the next target at 106.20.
Free Reports:
Australian Dollar is forming another consolidation range. We think, today the price may break its low and then continue falling towards 0.7130.
Russian Ruble has finished the flag correctional pattern and right now is still falling. We think, today the price may break the correctional channel and continue falling inside the downtrend. The next target is at 63.50.
Gold is forming another consolidation range. We think, today the price may break its low and then 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.