Analysis for October 5th, 2015
EUR USD, “Euro vs US Dollar”
The pair is moving inside the
flat. Earlier, Eurodollar rebounded from the retracement of 61.8% and started moving downwards. The main target is still the group of lower fibo-levels at 1.0640.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/5/Image20151005105940001.png)
After Friday’s growth, the pair has returned to the previous levels. It’s highly likely that during the day the local correction may finish at the retracement of 50%. The short-term target for bears is still the group of retracements at 1.0940.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/5/Image20151005105940002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound has rebounded from the group of upper fibo-levels once again, thus decreasing its chances to continue moving upwards. It’s highly likely that in the nearest future the pair may start a short-term correction (at least) with the target at 0.7280.
![](https://www.roboforex.ru/files/forecasts/wave/october2015/5/Image20151005105940003.png)
At the H1 chart, the local correction is taking place. It looks like the pair is going to reach a new local low on Monday. The lower targets from the H4 chart are confirmed by local retracements.
RoboForex Analytical Department