Analysis for April 1st, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the group of intermediate fibo-levels and right now is moving to test its upside targets at 1.1480 – 1.1460. If later the price rebounds from them, the market may start a new bearish correction.
![](https://www.roboforex.ru/files/forecasts/april2016/untitled%20folder/1/Image20160401131255001.png)
At the H1 chart, the price has rebounded from the local correctional retracement of 38.2%. During the day, the market may break yesterday’s high and reach its upside targets. If the pair breaks them, it may continue growing faster.
![](https://www.roboforex.ru/files/forecasts/april2016/untitled%20folder/1/Image20160401131255001.png)
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the Moving Average and the group of local fibo-levels, Europound has resumed its ascending movement towards the closest group of fibo-levels between 0.8000 – 0.7990. If the price rebounds from this area, the marker may start a new descending correction.
![](https://www.roboforex.ru/files/forecasts/april2016/untitled%20folder/1/Image20160401131255003.png)
As we can see at the H1 chart, the pair has rebounded from the correctional retracement of 61.8% several times, which means that it may continue moving upwards. I’m planning to close my orders after the price reaches its upside targets, because it may start a new descending correction.
RoboForex Analytical Department