28 January, 2014
Euro is still consolidating near level of 1.3700. We think, today price may leave this consolidation channel upwards to reach level of 1.3800 and then form new consolidation channel close to this level. Later, in our opinion, pair may continue growing upwards to reach main target at 1.4100.
Pound is still forming the fifth ascending structure towards level of 1.6680. Later, in our opinion, market may form descending correction to reach level of 1.6475 (at least) or even 1.6255.
Franc is still forming consolidation channel. We think, today price may leave it downwards and continue falling down towards level of 0.8885. Later, in our opinion, pair may return to level of 0.8950 and then continue moving inside descending trend towards target at 0.8300.
Yen is being corrected towards level of 103.30. After reaching this level, pair may continue falling down towards level of 101.70.
Australian Dollar is returning to level of 0.8770. Later, in our opinion, price may complete this descending movement by falling down and reaching level of 0.8400, and then start new and more serious correction to return to level of 0.9080.
Gold completed its first correctional structure towards level of 1230. We think, today price may move upwards to return to level of 1265 and then fall down to reach local target at 1240.
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...