Technical analyst forecasts and the euro against the dollar today 04.12.2016
Currency, the euro dollar is trading in the consolidation range. The market holds above the consolidation center. There remains the possibility of entering up to perfect level of 1.1570. The structure of growth will be considered as an alternative. A basic script reserve reduction to the level of 1.1325 - the lower boundary of the consolidation.
Currency pair pound against the US dollar immediately fulfilled the purpose of correction. Today we consider the development of another structure to reduce the level of 1.4000. Then forward new consolidation range, and its breakdown down to consider a reduction in the level of 1.3820. The pair usd chf today is trading in the range of consolidation. As an alternative, consider the possibility of reducing the level of 0.9475. Next -. Increase to the level of 0.9600 Currency pair USD JPY is trading a range of consolidation. Today is expected to decline from the level of overlap 106.00. Next - consolidation. Next goal of reducing -. 104.30 Currency pair Australian dollar against the US dollar continues to trade in a correction to the level of 0.7665. This forward its completion. Next in line -. Decrease in the level of 0.7470 Russian ruble is traded in the wave structure of the decline to the level of 65.00. Next in line consider the development of a return to the 72.50 correction. Then -. Decrease in the level of 60.00 Gold stretched the growth structure. Today, we expect the completion of this correction and consider the development of consolidation with the formation of reversal pattern. We expect continued decline of the wave. The next step - training level in 1222.
Author Igor Sayadov
Analytical department of the company RoboForex
Forecasts of the financial markets are the personal opinion of their authors. The current analysis is not a guide to trading. RoboForex Company is not responsible for the results that may arise from the use of trading recommendations submitted reviews.
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