Analysis for November 13th, 2015
EUR USD, “Euro vs US Dollar”
Probably, the local correction continues. In the nearest future, after rebounding from the retracement of 38.2%, the pair may resume its decline towards the group of lower fibo-levels at 1.0610. If later the price rebounds from this area, it may start a new ascending correction.
![](https://www.roboforex.ru/files/forecasts/november2015/13/Image20151113153132001.png)
As we can see at the H1 chart, the target of the current correction is the retracement of 38.2%. Possibly, in the nearest future the price may resume its decline. We should note that if the market breaks the lower levels, the pair might continue falling much faster.
![](https://www.roboforex.ru/files/forecasts/november2015/13/Image20151113153132002.png)
EUR GBP, “Euro vs Great Britain Pound”
Probably, Europound is about to complete its correction. It’s highly likely that the pair is going to rebound from the retracement of 50% once again. Later, the price may resume its decline to reach the group of lower fibo-levels at 0.6875.
![](https://www.roboforex.ru/files/forecasts/november2015/13/Image20151113153132003.png)
As we can see at the H1 chart, the lower targets are confirmed by local retracements. It’s highly likely that the market may reach a new high on Friday and then resume its descending movement. If the price rebounds from its downside targets, the pair may start an ascending correction.
RoboForex Analytical Department