Analysis for September 7th, 2015
EUR USD, “Euro vs US Dollar”
The Eurodollar, after a release from the upper targets attempts to resume the decline. The benchmark for the coming weeks is in favour of the lower accumulation of Fibo levels (1.0000 - 0.9970). Two deals to sell are in the works, and then I plan to increase the volume of the Short.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/04/Image20150907083128001.png)
On the hourly chart the price has formed a retreat from the local level of 38.2%. The closest accumulation of Fibo levels around 1.1055 is still relevant. Later on in this price region a correction may start.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/04/Image20150907083128002.png)
EUR GBP, “Euro vs Great Britain Pound”
The Europound is again testing the strength of the upper cluster of Fibo levels. Accordingly, if later we will again see a retreat from this price area, then a downward movement to the nearest target, located in the area of 0.7220 will be possible.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/04/Image20150907083128003.png)
On the hourly chart the price has formed a retreat from the correctional level of 61.8%. The next bottom target is confirmed by local Fibo levels. In the short term the decline of the currency pair may resume.
RoboForex Analytical Department