EUR USD, “Euro vs US Dollar”
Euro is continues forming descending structure. We think, today price may break level of 1.3784, consolidate for a while, and then forming continuation pattern to continue falling down. Next target is at level of 1.3700. Later, in our opinion, instrument may move upwards to test level of 1.3780 from below.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating without any particular direction. We think, today price may grow up towards level of 1.6095; market may reach it and thus complete another five-wave structure. Later, in our opinion, instrument may start new correction towards level of 1.6680.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming ascending structure. We think, today price may break level of 0.8847, consolidate for a while, and then form continuation pattern. Next target is at level of 0.8920. Later, in our opinion, instrument may return to level of 0.8850.
USD JPY, “US Dollar vs Japanese Yen”
Yen is being corrected. We think, today price may form another ascending structure towards level of 103.10 and then start moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar started forming the first wave of new correction. We think, today price may continue moving towards level of 0.9350; this correction is expected to be in the form of bearish flag pattern. After completing this correction, instrument may continue falling down inside the third wave with target at level of 0.9070.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues forming ascending structure with target at level of 36.28. Later, in our opinion, instrument may start falling down towards level of 34.78 and then continue growing up to reach level of 37.50.
XAU USD, “Gold vs US Dollar”
Gold is still correcting its first ascending impulse. We think, today price may grow up to break level of 1306 and then form the third ascending wave with target at level of 1325. Later, in our opinion, instrument may return to level of 1306 and then start new ascending movement to reach level of 1357.
RoboForex Analytical Department