Analysis for October 1st, 2015
EUR USD, “Euro vs US Dollar”
The pair trying to resume moving downwards. Earlier, Eurodollar rebounded from the correctional retracement of 61.8% and started falling. The main target is still the group of lower fibo-levels at 1.0640.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/1/Image20151001133753001.png)
At the H1 chart, Eurodollar has rebounded from the retracement of 50%. The short-term target for bears is still the group of local retracements at 1.0940.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/1/Image20151001133753002.png)
EUR GBP, “Euro vs Great Britain Pound”
The market is still being corrected. Earlier, the price rebounded from the group of lower fibo-levels. It’s highly likely that later the pair may reach new highs and soon after that – the closest upside target at 0.7500.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/1/Image20151001133753003.png)
As we can see at the H1 chart, the pair is trying to rebound the local retracement of 61.8%. The upper target area is confirmed by local retracements. In the future, the market may reach its targets and then start another descending correction.
RoboForex Analytical Department