Analysis for June 10th, 2016
Eurodollar has reached another downside target. We think, today the price may test 1.1340 from below and then fall towards 1.1267. Later, in our opinion, the market may be corrected towards 1.1350 and then continue falling inside the downtrend to reach 1.1140.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is moving in the center of its descending wave with the target at 1.4390. We think, today the price may rebound from 1.4470 and reach the target. After that, the pair may test 1.4550 from below and then form another descending wave to reach 1.4300.
USD CHF, “US Dollar vs Swiss Franc”Franc has completed the first ascending impulse and right now is being corrected towards 0.9614. Later, in our opinion, the market may grow to break 0.9650 and then continue forming this wave towards 0.9740.
USD JPY, “US Dollar vs Japanese Yen”Yen is moving in the center of the downside continuation pattern. We think, today the price may reach a new low and form another consolidation range near 105.95. After breaking this range downwards, the pair may reach the local target at 104.00.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar has formed the first descending impulse. We think, today the price may be corrected towards 0.7461. After that, the pair may continue falling with the target at 0.7340.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble is growing towards 65.50. After that, the pair may be corrected to return to 64.50. Later, in our opinion, the market may continue forming an ascending structure with the target at 70.00. The price is expected to form a new correction inside the fourth wave.
XAU USD, “Gold vs US Dollar”Being under pressure, Gold is moving downwards. We think, today the price may break 1255 and then continue falling inside the downtrend towards 1240. One may consider this structure to be the first part of another descending wave with the target at 1200.
RoboForex Analytical Department
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