Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating below 1.1600 without any particular direction. According to the main scenario, the price may trade to the downside and reach 1.1530. Later, in our opinion, the market may start another correction towards 1.1700.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating near the downside border of the range. Possibly, today the price may grow towards 1.3194. After that, the instrument may resume falling to reach 1.3001.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is still consolidating in the middle of the range without any particular direction. We think, today the price may grow to break 1.0035. The target is at 1.0100. After that, the instrument may start another correction towards 0.9888.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating and forming another descending structure towards 113.04. Later, in our opinion, the market may resume growing inside the uptrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. Possibly, today the price may reach 0.7625 and then start another correction towards the first target at 0.7754.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to rebound from 59.40 downwards. The first target is at 58.00. After that, the instrument may start forming the fifth descending wave with the target at 56.55.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top of the range. We think, today the price may move downwards to reach 1267, break it, and then continue falling towards 1250. An alternative main scenario implies that the instrument may break the range upwards and continue the correction to reach 1298. Later, in our opinion, the market may start another decline with the target at 1250.
BRENT
Brent is consolidating near the lows. If later the instrument breaks this range to the upside, the market may continue growing towards 65.65; if to the downside – continue the correction to reach 60.60.
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.