The EUR/USD went down to 1.1690 and is still descending. today, 1.1633 may be reached, but then a rise to 1.1695 is possible. Overall, a consolidation range is expected, which, when broken down upwards, may make the price head to $1.1800. conversely, if the range is broken top down, the price can potentially go further down to 1.1470. Any rise may only be considered as an alternative scenario involving correction, while the major scenario is still a downtrend.
The GBP/USD is being under pressure; today, it may reach 1.3054, but then a pullback to 1.3100 might occur. Overall, a consolidation range is expected here, which, when broken down upwards, may potentially take the price to 1.3181, while a converse breakout will push the price down to 1.2888.
The pair is being pushed upwards; today, 0.9974 may be reached, but then is likely to fall till 0.9930, after which the consolidation range may be expected. Then the price may either go up towards $1.0120, or head down to 0.9880.
The pair is being pushed upwards; today, 111.73 may be reached, but then is likely to fall till 110.10, its first target.
The Aussie has reached its downward target, but may start rising to 0.7400. Thus, the consolidation range can now be clearly seen. The pair is going then to reach either 0.7472 or 0.7285, depending on whether the support or the resistance gets broken out.
The USD/RUB is being pushed down and can reach 62.80 today, while then rising to $63.10. After that, it may go back to $62.00 again. Once this price is broken out, the descending trend may push it towards 60.60, its local target.
The yellow metal has reached its downtrend target, and today we are expecting it to rise to 1,229. Thus, the consolidation range can now be clearly seen. The metal is going then to reach either 1,205 or 1,239, depending on whether the support or the resistance gets broken out.
Brent crude is under pressure and is going down. Today, the price may fall to 71.85, and, with further breakout, it may head lower to reach the local target at 69.33, while then rising to $71.85. After that, it may go back to $68.22 again, its local target.
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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