Analysis for June 14th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the correctional retracement of 61.8%, Eurodollar is still falling. The main target for bears is still the group of fibo-levels at 1.0970. During the day, the market is expected to continue falling.
![](https://www.roboforex.ru/files/forecasts/june2016/14/Image20160614141135001.png)
As we can see at the H1 chart, yesterday the price rebounded from the retracement of 38.2%, thus starting a new descending movement. The local target is the group of intraday retracements at 1.1180. After reaching them, the market may start an ascending correction.
![](https://www.roboforex.ru/files/forecasts/june2016/14/Image20160614141135002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound may yet continue moving upwards. The next target for bulls is the group of fibo-levels at 0.8030 – 0.8050. If the price rebounds from this area, bears may start a new descending correction.
![](https://www.roboforex.ru/files/forecasts/june2016/14/Image20160614141135003.png)
As we can see at the H1 chart, the local correction may yet continue and test the retracement of 61.8%. If the price rebounds from it, Europound may resume moving upwards and break its previous high.
RoboForex Analytical Department