Analysis for June 3rd, 2014
EUR USD, “Euro vs US Dollar”
Euro is under pressure and continues moving downwards. We think, today price may reach level of 1.3575, form another ascending wave towards level of 1.3650, and then complete this descending structure by moving downwards again towards level of 1.3570. Later, in our opinion, instrument may start forming new structure inside ascending trend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating. We think, today price may continue moving downwards to reach target at level of 1.6655. Later, in our opinion, instrument may start new ascending structure to continue growing up.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving upwards to reach target at level of 0.8995. We think, today price may form another ascending structure towards above-mentioned level. Later, in our opinion, instrument may form descending structure to return to level of 0.8946.
USD JPY, “US Dollar vs Japanese Yen”
Yen extended its ascending structure and reached its predicted targets. We think, today price may break this ascending channel downwards and continue falling down to reach level of 100.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still forming consolidation channel. We think, today price may fall down to reach level of 0.9200. Local target of this descending movement is at level of 0.9000.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming consolidation channel near level of 34.72. We think, today price may test this level from above and then continue growing up towards level of 35.44. Later, in our opinion, instrument may form another descending structure to reach new minimum.
XAU USD, “Gold vs US Dollar”
Gold is under pressure and continues falling down. We think, today price may move downwards to reach level of 1213 and then form another ascending structure to test level of 1260 from below. Later, in our opinion, instrument may start new descending movement with target at level of 1208.
RoboForex Analytical Department