10 July, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to strengthen, but the previous stricture may be considered only as a correction. We think, today, the price may reach level of 1.1176 and then start forming another descending wave with the target at level of 1.0807.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has been able to form only one ascending impulse and right now is forming the second. We think, today, the price may form an ascending correction towards level of 1.5508 to test it from below. After that, the market may continue falling to reach level of 1.5244.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. The main scenario implies that the price may grow to reach the target at level of 0.9545; an alternative one – test the lower border of the trading range. After that, the price may continue growing to reach the above-mentioned target, form a correction towards level of 0.9348, and then move upwards again to reach level of 0.9632.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming an ascending correction towards level of 122.40 to test it from below. After that, the price may fall towards level of 119.00 and then form another correction to return to level of 122.40.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming an ascending impulse towards level of 0.7505. After that, the market is expected to fall and reach level of 0.7278, thus completing this descending wave. Later, in our opinion, the market may a higher correction.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has rebounded from the border of its ascending channel and right now is growing. The target of this growth is at level of 58.50. After that, the pair may start forming a descending wave with the target at level of 52.50.
XAU USD, “Gold vs US Dollar”
Gold is consolidating. We think, today, the price may break this consolidation channel upwards and reach level of 1173 to test it from below. After that, the market may continue falling towards level of 1140 and then start another ascending movement to return to level of 1173.
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...