EURUSD, “Euro vs US Dollar”
After completing the descending structure at 1.1275, EURUSD has broken this level without any corrections and expanded the consolidation range. Today, the pair may form a new consolidation range around 1.1240. Possibly, the pair may form one more ascending structure to reach 1.1243 and then start another decline towards 1.1222. After that, the instrument may be corrected to reach 1.1263. If later the price breaks 1.1222 to the downside, the market continue trading inside the downtrend with the target at 1.1203.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming another descending structure towards 1.2977. Possibly, today the pair may reach this level and then start a new growth 1.3044. Later, the market may form a new descending structure with the target at 1.2964.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading upwards without any corrections; right now, it is consolidating around 1.0145. Possibly, the pair may break the range to the upside to reach 1.0160 and then start a new correction with the target at 1.0084.
USDJPY, “US Dollar vs Japanese Yen”
After completing the descending structure at 111.76, USDJPY has returned to 111.98; right now, it is consolidating around this level. Today, the pair may break the downside border of the range and fall with the first target at. 111.33.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached its first downside target at 0.7136. Possibly, today the pair may be corrected towards 0.7165 and then resume trading inside the downtrend with the short-term target at 0.7106.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues forming the third descending wave. Today, the pair may fall to reach 63.71 and then form one more ascending structure towards 64.10. Later, the market may resume trading inside the downtrend with the short-term target at 63.05.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1275.50. Possibly, today the pair may break the range downwards and reach 1267.83. After that, the instrument may start a new growth towards 1289.10 and then resume trading downwards with the short-term target at 1260.00.
Brent has rebounded from 71.33 to the upside; right now, it is still trading upwards. Today, the pair may reach 72.72 and then start a new correction towards 70.30. Later, the market may form one more ascending structure to break 73.73 and then continue trading inside the uptrend with the target at 75.00.
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.