Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Being influenced by the FOMC’s comments, the EUR/USD pair has broken 1.1000 upwards and right now is growing towards 1.1111. Possibly, the price may test 1.1000 from above and then form another ascending structure with the target at 1.1111. This entire growth may be considered only as a correction. After that, the pair may continue falling to reach 1.0930. In general, the market is consolidating around 1.1000.
The GBP/USD pair is consolidating above 1.3090. We think, today the price may reach the upside border of the range and then fall towards the downside one. Later, in our opinion, the market may break the border downwards and then continue moving downwards with the local target at 1.2788.
The USD/CHF pair has returned to 0.9850. Possibly, this structure may be extended towards 0.9820 and then the price may grow to reach the local target at 1.0030. Later, in our opinion, the market may be corrected as the fourth wave to return to 0.9850 and the form the fifth one with the target at 1.0200.
The USD/JPY pair is falling to reach 103.00. After that, the pair may return to 104.88.
Free Reports:
The AUD/USD pair is moving inside a wide consolidation channel. We think, today the price may grow to reach 0.7540 or even extend this structure towards 0.7575. Later, in our opinion, the market may fall to reach 0.7437 and then continue consolidating. After breaking the consolidation range downwards, the pair may reach the next target at 0.7282.
The USD/RUB pair is expected to reach 67.67 today. Later, in our opinion, the market may be corrected to return to 65.60 and then then grow towards 69.00.
Gold is moving to break 1335 upwards and expected to form a new ascending wave with the target at 1358. At the moment, the price is consolidating. Later, in our opinion, the market may break it upwards and reach 1383.
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.