EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating near its lows. According to the main scenario, the price is expected to move downwards with the target at 1.0606. After that, the instrument may grow to test from below. 1.0707. Later, in our opinion, the market may continue falling towards 1.0606 and then return to 1.0707.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards. Possibly, the price may reach 1.2357. After that, the instrument may be grow towards 1.2500.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating. According to the main scenario, the price may grow to reach 1.0065 and then return to 0.9950.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is falling. Possibly, the price may reach 109.78. Later, in our opinion, the market may grow with the target at 112.27.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed a continuation pattern at 0.7600. Possibly, today the price may extend the fifth wave to reach 0.7538.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has formed another consolidation range. Possibly, the price may break it to the upside and start another correction towards 57.06. After that, the instrument may start falling to break the low and reach 55.50 (at least).
XAU USD, “Gold vs US Dollar”
Gold has completed the ascending structure and formed a continuation pattern at 1252. Possibly, the market may extend this wave towards 1263 (an alternative scenario). According to the main scenario, the price is expected to fall with the target at 1240.
Brent is being corrected in the fourth structure towards 52.00. Later, in our opinion, the market may form the fifth structure with the target at 54.10 and then start another correction to return to 52.00.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
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