Forex Technical Analysis & Forecast 04.05.2020
EURUSD, “Euro vs US Dollar”
The currency pair has broken the level of 1.0970 upwards, extending the consolidation area to 1.1000. Today, the market is pushed to the lower border of this range. We are waiting for the level of 1.0922 to be reached, followed by growth to 1. 0970 and its test from below. Then the pair may return to 1.0922. After breaking it downwards, it may further decline to 1.0875. The goal is local.
GBPUSD, “Great Britain Pound vs US Dollar”
The currency pair reached the estimated goal of the decline at 1.2485. Today, the market has broken this level downwards. It may further decline to 1.2385. After this goal is reached, the pair may correct to 1.2515, testing this level from below. Then it may decline to 1.2310.
USDRUB, “US Dollar vs Russian Ruble”
The currency pair has corrected to 74.10. At the market opening, we are expecting a decline to 72.00, followed by growth to 73.50 and a decline to 71.30. The goal is local.