EUR USD, “Euro vs US Dollar”
Euro is still under pressure and moving downwards. We think, today price may reach level of 1.3510 and then start forming another ascending structure towards level of 1.3710.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is falling down a little bit. We think, today price may reach level of 1.7075 and then continue moving upwards inside ascending trend towards level of 1.7500.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming consolidation channel, which may be considered as reversal pattern. We think, today price may continue falling down towards next target at level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving inside its third descending wave towards level of 99.30. We think, today price may form another structure with target at level of 100.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving downwards; this movement may be considered as a part of descending wave towards level of 0.9320. Later, in our opinion, instrument may return to level of 0.9360 and then form another descending structure to reach level of 0.9270.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continued extending its ascending structure and reached target of correctional wave. We think, today price may consolidate for a while at current highs; this consolidation may be considered as reversal pattern. Later, in our opinion, instrument may leave its ascending channel and form the fifth descending wave towards level of 33.20.
XAU USD, “Gold vs US Dollar”
Gold reached target of its correction. We think, today price may break ascending channel downwards and form head & shoulders reversal pattern. Target of this pattern is at level of 1255.
RoboForex Analytical Department