EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming the fifth descending structure towards
1.0680. Later, in our opinion, the market may start growing to return
1.0740 and then fall with the target at 1.0600.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving downwards with the target at 1.2555. After that, the instrument may start growing to reach 1.2800.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is forming another ascending wave to reach 1.011.
Later, in our opinion, the market may fall towards 1.008 and then grow
with the target at 1.017.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards with the target at 112.30. After
that, the instrument may grow towards 113.85 and then fall to reach
110.80.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the ascending structure with the target
at 0.7500. We think, today the price may fall to reach 0.7435. Later, in
our opinion, the market may form another ascending structure towards
0.7550.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating; this range may be considered as a
downside continuation pattern. Possibly, today the market may fall to
break 63.40 and then reach 62.35. After that, the instrument may return
to 63.80.
XAU USD, “Gold vs US Dollar”
Gold is growing to reach 1188. After that, the instrument may fall
towards 1173. The entire structure may be considered as another
consolidation range. After breaking it upwards, the market may start
growing towards 1222.
BRENT
Being under pressure, Brent is still moving downwards. Possibly, today
the market may reach 52.83 and then grow towards 54. After that, the
instrument may form another descending structure to reach 52.40 and then
resume growing with the local target at 56.
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