EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of the correctional descending wave and right now is consolidating. Possibly, today the price may fall towards 1.0660. If later the market breaks this consolidation range to the upside, the instrument may grow to reach 1.0782; if to the downside - continue falling inside the downtrend with the target at 1.0600. In case this target is broken, the pair is expected to fall towards 1.0400.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving downwards to reach 1.2452. Possibly, today the price may test 1.2544 from below. After that, the instrument may start falling towards 1.2410.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is falling towards 0.9925. Later, in our opinion, the market may start growing with the target at 1.0120.
USD JPY, “US Dollar vs Japanese Yen”
Being under pressure, the USD/JPY pair is moving downwards. Possibly, the price may reach 112.00 and then move upwards with the target at 115.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to rebound from 0.7550 to the downside. Possibly, today the price may form another structure towards 0.7500 and then grow with the target at 0.7555. Later, in our opinion, the market may continue falling to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
In case of the USD/RUB pair, today the price may probably grow to reach 60.86. After that, the instrument may start falling with the target at 58.50.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving upwards. Possibly, today the price may reach 1206. Later, in our opinion, the market may start another descending with the target at 1160.
Brent is consolidating in the center of the range. Possibly, today the price may fall towards 54.35 and then then return to 55.15. After that, the instrument may fall to reach 53.50. the target of the descending wave is at 53.00. Later, in our opinion, the market may move upwards with the target at 59.90.
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.