EURUSD yesterday exceeded our expectations, and instead of a slight downward correction showed a full decline. Despite the subsequent return of the pair above the level of 1.0936, today we will consider the continuation of the decline as the main scenario. Now the price is near the level of 1.0880, so the nearest targets below may be the levels of 1.0860 and 1.0846. However, we will not exclude the growth option either – the nearest targets may be levels 1.0906 and 1.0930.
GBPUSD showed similar dynamics yesterday – a noticeable decline followed by upward correction. The expectations for today will also be similar – a further decline looks more likely. Now the pair is trading near the level of 1.2490, therefore, as the nearest targets below we will consider the levels of 1.2440 and 1.2411. In case of growth, we also denote the target levels at the top – 1.2530 and 1.2558.
USDCHF “looks up”, which does not contradict our expectations for the European currency. From the current price of 0.9680, the pair is quite capable of reaching the nearest levels of 0.9695 and 0.9713. In case of a decline of the pair, we will note the levels of 0.9646 and 0.9625 as possible target.
USDJPY has turned its strong trend down and is now demonstrating its intentions to use a strong US dollar for some time. From the current price of 107.80, the closest target levels at the top can be 108.05 and 108.22. If the pair turns into a downward correction, then we will consider the levels 107.62 and 107.31 as targets.
AUDUSD also shows a downward direction. Now the pair is trading near the level of 0.6295, and local target levels below may be 0.6275 and 0.6258. In case of upward correction, we denote the levels of 0.6314 and 0.6332 as possible local targets.
USDRUB exceeded our growth expectations and is now trading near 74.70. A more likely scenario for today is the continued growth of the pair to the levels of 75.20 and 75.35. The possible lower limit for today is the level of 74.20.
USDCAD in the coming hours may fall from the current price of 1.4115 to the levels of 1.4100 and 1.4086, despite the general picture of the upward trend. If the decline potential is not strong enough, then the nearest targets may be the levels of 1.4135 and 1.4156.
Gold found equilibrium in the range between the levels of 1726.00 and 1713.00. The obvious intentions of the instrument are now observed, so we will focus on the borders of this range. If the price goes out of the range up, the closest target levels may be 1733.00 and 1740.00. If the price goes out of the range down, the local targets may be the levels of 1706.00 and 1692.00.
Brent declined overnight and almost reached yesterday’s lows. Today we will consider a decline from the current level of 26.70 to the levels of 26.05 and 25.55 as the main scenario. If the market sentiment changes upwards, then the closest targets may be the levels of 27.04 and 27.65.
Bitcoin at the beginning of European trading fully recovered yesterday’s price losses and returned to the level of 6926.00. Now the instrument has taken a break between the levels of 6926.00 and 6887.00. If BTCUSD leaves this channel up, the nearest targets may be the levels of 6964.00 and 7003.00 with a growth potential of 7041.00. If BTCUSD exits the channel down, we will consider local targets at the levels of 6848.00 and 6801.00.
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Forecasts should not be considered as guidance for trading.