30 June, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has eliminated the gap and almost completed its correctional structure. We think, today, the price may start another descending movement towards level of 1.1090 and then return to level of 1.1185. After that, the pair may continue falling to reach level of 1.0930.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has tried to expand its consolidation channel both downwards and upwards. We think, today, the price may expand it downwards again. To reach level of 1.5560 and then form another ascending structure with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming another ascending impulse. We think, today, the price may reach level of 0.9446 and then fall towards level of 0.9348. Later, in our opinion, the market may start moving upwards again with the target at level of 0.9545.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. We think, today, the price may break the minimum and continue falling toward level of 120.80. Later, in our opinion, the market may return to level of 122.64 and then form another descending structure to reach level of 119.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has returned to level of 0.7711. We think, today, the price may form another descending structure towards level of 0.7567 and then return to level of 0.7670. Later, in our opinion, the market may fall again to reach level of 0.7500.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues moving upwards to reach level of 55.50. After that, the pair may consolidate and form a correction towards level of 54.00. Later, in our opinion, the market may break this channel upwards and continue growing to reach level of 58.50.
XAU USD, “Gold vs US Dollar”
Gold is still falling towards level of 1150. After reaching it, the price may grow towards level of 1172 and then continue falling with the target at level of 1140.
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...