19 December, 2013
Influenced by the news, Euro reached new maximum and started forming new descending structure. Market reached minimum of this correction. We think, today price may start forming another ascending structure to break maximum and continue growing up towards 1.4100. Alternative scenario implies that pair may continue this correction towards level of 1.3555.
Influenced by the news, Pound reached new maximum and continued moving inside consolidation channel. Later, in our opinion, pair may move upwards to break maximums and then continue growing up towards target at 1.7150. Alternative scenario implies that pair may fall down to reach level of 1.6280 and then start new ascending movement to break maximums.
Franc reached minimum of this correction. We think, today price may continue falling down to break minimums and then move towards level of 0.8680. Alternative scenario implies that pair may form correction towards 0.9076 and then move inside down trend.
Yen reached new maximum of this ascending wave. We think, today price may break ascending channel and fall down towards the first target at 98.80.
Australian Dollar continue falling down towards target at 0.8720. Right now, market is moving in the middle of previous descending structure and may form narrow consolidation channel. Later, in our opinion, pair may continue moving downwards to reach above-mentioned target.
Gold broke level of 1230 downwards and continued falling down. We think, today price may move downwards to reach level of 1210 and then return to level of 1230. Later, in our opinion, instrument may complete this wave by reaching 1195 and then start new ascending structure towards target at 1360.
RoboForex Analytical Department
Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...
Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...
The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...
Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...
Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...
Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...
After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...
Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...
Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...