EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken 1.0623 to the upside and may continue the correction (an alternative scenario). Possibly, the price may grow towards the local target at 1.0723. 1.0602. After that, the instrument may fall to reach 1.0623 and then form the fifth structure with the target at 1.0754.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating; the instrument is rebounding from the center of the range to grow and break its upside birder. Possibly, the price may be corrected towards 1.2297 and then continue falling to reach 1.2027.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is falling. Possibly, the price may reach 1.0072. Later, in our opinion, the market may grow towards 1.0120.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards to reach 114.59 (at least). After that, the instrument may grow with the target at 116.60.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the first wave of the correction. Possibly, today the price may fall towards 0.7526.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to continue growing towards 60.00. After that, the instrument may fall to reach 58.75 and then start growing with the target at 61.00.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards to break the high of the first impulse. Possibly, the price may reach 1217.50. Later, in our opinion, the market may fall towards 1172.00.
Brent is being corrected; it has almost reached the downside target and is still being under pressure. Possibly, the price may reach 50.80. Later, in our opinion, the market may form another consolidation range. After breaking the range to the upside, the instrument may move upwards with the target at 54.45.
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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