EUR USD, “Euro vs US Dollar”
Being under pressure, the EUR/USD pair is moving downwards; it has rebounded from 1.0660 to the downside. Possibly, today the price may fall to reach 1.0624 and then grow to return to 1.0660. After that, the instrument may fall towards 1.0606.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has completed the correctional structure and broken the correctional channel to the downside. Possibly, today the price may fall and continue forming the fifth structure to reach 1.2357. Later, in our opinion, the market may start another growth with the target at 1.2483.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading to rebound from 1.0035 to the upside. Possibly, today the price may break the upside border of the range. The next target is at 1.0126.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still moving downwards with the target at 109.78. Later, in our opinion, the market may grow towards 111.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the target of the fifth descending structure. Possibly, today the price may consolidate at the lows. After breaking the channel of the fifth structure, the instrument may reach 0.7550.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to rebound from the upside border of its consolidation range. Possibly, today the price may fall to reach 55.50 and then start growing towards 56.00.
XAU USD, “Gold vs US Dollar”
Gold has formed another ascending structure, the fifth one, towards 1263. Later, in our opinion, the market may be corrected to the downside to reach 1220. However, today the price is expected to fall inside the downtrend while forming the first wave with the target at 1250.
Brent has completed another ascending structure. Possibly, today the price may fall towards 54.98 and then resume its growth to reach 57.50.
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.