Analysis for September 3rd, 2015
EUR USD, “Euro vs US Dollar”
It looks like, after rebounding from several upper fibo-levels, Eurodollar is starting a new descending movement. During the correction, when the pair rebounded from the retracement of 23.6%, I opened a sell order. The market may break the minimum during the day.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/03/Image20150903120018001.png)
The market situation hasn’t changed over the last 24 hours. 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.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/03/Image20150903120018002.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/september2015/03/Image20150903120018003.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