EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target of the ascending structure. We think, today the price may consolidate and form reversal patterns. Possibly, the instrument may continue falling to reach 1.0650.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation range to the upside and almost reached the target of the third wave. Possibly, today the price may form another consolidation range. The instrument is expected to fall with the target at 1.2600.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken the low of its consolidation range and expanded its to the downside. Possibly, today the price may form another consolidation range towards 1.0025.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has ignored the news from the United Kingdom and is still consolidating around 108.72. Possibly, today the price may grow with the target at 109.30, thus completing the correction. Later, in our opinion, the market may move downwards to reach 107.13.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still falling towards 0.7500. After that, the instrument may grow to reach 0.7555.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair continues moving upwards to reach 56.50. Later, in our opinion, the market may fall towards the target at 55.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating around 1280. Possibly, today the price may continue growing to reach 1293 and break it to the upside. In this case, the next target will be at 1312.
Brent has reached the closest target of the correction. Possibly, the price may rebound from 55.65 downwards and form another descending structure towards 54.50. Later, in our opinion, the market may grow to break 56.50. the target of this wave is 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.