EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken 1.1728 and is still falling to reach the target at 1.1628. We think, today the price may reach 1.1693 and then test 1.1728 from below. Later, in our opinion, the market may fall 1.1659.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has reached the local target of the descending wave. Possibly, today the price may consolidate near the lows. If later the instrument breaks this range to the upside, the market may be corrected towards 1.3370; if to the downside – fall with the target at 1.3200.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken 0.9770. We think, today the price may continue growing towards 0.9805 and then start a new correction to reach 0.9740. After that, the instrument may move to the upside with the target at 0.9848.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading to reach 113.26. Later, in our opinion, the market may resume falling towards 112.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still moving downwards to reach 0.7755. After that, the instrument may grow towards 0.7867 (at least). Possibly, the price may form a proper correction with the target at 0.7927 and then fall to reach 0.7730.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is growing towards 58.00. After finishing the correctional structure, the instrument may start forming another descending wave with the local target at 57.00.
XAU USD, “Gold vs US Dollar”
Gold is trading to rebound from 1277.50. The downside target is at 1265.00. Later, in our opinion, the market may consolidate and form a reversal pattern. The price is expected to start another correction with the target at 1311.00.
Brent is consolidation near the lows of the correction. Possibly, today the price may grow towards 56.60 and then continue consolidating. After breaking the range to the upside, the instrument may form another ascending structure with the first target at 57.40.
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.