Analysis for April 11th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the retracement of 38.2%, Eurodollar is trying to resume its growth. The target is still the group of upper fibo-levels at 1.1520 – 1.1510. Possibly, the pair may reach a new high on Monday.
![](https://www.roboforex.ru/files/forecasts/april2016/11/Image20160411120742001.png)
At the H1 chart, the market has rebounded from the retracement of 78.6% twice. The upside targets are confirmed by local retracements. It’s highly likely that very soon the pair may resume its ascending movement.
![](https://www.roboforex.ru/files/forecasts/april2016/11/Image20160411120742002.png)
EUR GBP, “Euro vs Great Britain Pound”
During the correction, Europound was supported by the retracement of 38.2% as the price rebounded from it. It’s highly likely that in the future the pair may resume moving upwards to reach the group of upper fibo-levels at 0.8060 – 0.8050.
![](https://www.roboforex.ru/files/forecasts/april2016/11/Image20160411120742003.png)
At the H1 chart, the predicted target of the current correction is confirmed by intraday retracements. If the price is able to stay above the retracement of 38.2%, the market may resume its growth and break the local maximum very soon.
RoboForex Analytical Department