Analysis for April 15th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside the flat
, which may continue on Friday. In the future, the market may resume falling towards the group of downside retracements at 1.1200 – 1.1190.
At the H1 chart, the price may reach the group of local fibo-levels near the correctional retracement of 23.6% at 1.1290. If the market rebounds from this area, the pair will continue falling towards its downside targets.
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the correctional retracement of 61.8%, Europound has started a correction. During the day, the pair may reach a new local high and the local retracement of 38.2%. If the price rebounds from this level downwards, the market may start a new decline towards its downside targets at 0.7890.
At the H1 chart, the target area near the correctional retracement of 38.2% is confirmed by intraday retracements. On Friday, the market may grow a little bit and reach the retracement of 38.2%. If the pair rebounds from this level, the price will start a new descending movement.
RoboForex Analytical Department