Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The market was opened with a gap down; Eurodollar continues falling with the target at 1.0833. The main scenario implies that the price may move to break the minimum of the previous correctional wave. Later, in our opinion, the market may return to 1.1133 and then continue falling with the target at 1.0650.
Being under pressure, Pound is falling. The main scenario implies that the price may reach 1.3100 and then return to 1.3826. Later, in our opinion, the market may continue falling to reach new lows.
Being under pressure, Franc is moving upwards. We think, today the price may reach 0.9825 and then return to 0.9700. After that, the pair may continue growing to break 0.9950.
Yen is consolidating again. We think, today the price may fall towards 98.92 and then return to 101.00. Later, in our opinion, the market may continue falling to reach 98.20.
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Australian Dollar is moving downwards. We think, today the price may reach 0.7250 and then return to 0.7380. After that, the pair may continue falling with the target at 0.7130.
Today, Russian Ruble is expected to grow towards 66.50 and then return to 64.50. After that, the pair may grow to reach 69.00. This entire ascending structure is considered as a correction. Later, in our opinion, the market may start falling with the target at 60.00.
Being under pressure, Gold is moving upwards. We think, today the price may move according to an alternative scenario and grow to reach 1387. Later, in our opinion, the market may fall towards 1315 and then continue growing with the target at 1430.
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.