Analysis for September 1st, 2015
EUR USD, “Euro vs US Dollar”
Probably, Eurodollar is starting a new descending movement. After rebounding from several upper fibo-levels, the price is falling steadily. During the correction, when the pair rebounded from the retracement of 23.6%, I opened a sell order. It looks like later the market is going to reach several new lows.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/Image20150901171949001.png)
As we can see at the H1 chart, the closest target is the group of fibo-levels at 1.1055. Later, the pair may start a new correction from this area. After this correction, I’m planning to sell more actively.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/Image20150901171949002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound is testing the group of upper fibo-levels again. If the pair rebounds from this area, the market may continue moving towards the closest downside target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/Image20150901171949003.png)
At the H1 chart, the closest downside target is confirmed by local retracements. In the nearest future, the pair may resume moving downwards. Later, I’m planning to open a sell order.
RoboForex Analytical Department