The price has tested the neckline today. According to the eurusd analysis at the moment we should expect the price to grow into the area of 1.3880, to be corrected to the level of 1.3706, and then to grow again into the area of 1.3955. One can try to buy the pair with the tight stop below 1.3740. Don’t forget to move stop into the black as soon as possible.
In case of Dollar Index we have the descending movement that matches the existing significant growth of Euro. The daily online forex trading chart indicates that the price may continue moving downwards to the area of 77.80, i.e. right now the Index is in the very beginning of the fall. That’s why one should try to sell all of the Dollar currency pairs.
As it is seen from the technical analysis usd chf Franc has broken the “triangle’s” lower border, and we should expect the price to keep moving downwards. However, at the moment the price may grow to the level of 0.9295, where we can try to sell the pair with the stop above 0.9310.The target of the fall is the area of 0.9204. If the pair grows higher than the descending channel’s upper border, this case scenario will be cancelled.
Australian Dollar hit the support line and went away from it. At the moment we have the rising symmetrical structure forming with the target in the area of 1.0098. Judging by the aud usd analysis you can try to buy the AUD/USD currency pair with the tight stop below 1.0035.
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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