Analysis for June 15th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the correctional retracement of 61.8%, Eurodollar started falling. The main target for bears is still the group of fibo-levels at 1.0970. Consequently, in the nearest future the market may continue falling towards the target.
![](https://www.roboforex.ru/files/forecasts/june2016/15/Image20160615113951001.png)
As we can see at the H1 chart, the price is trying to rebound from the local retracement of 38.2%. Consequently, during the day the pair may move towards the group of intraday retracements at 1.1115. If the market rebounds from them, it may start a local ascending correction.
![](https://www.roboforex.ru/files/forecasts/june2016/15/Image20160615113951002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound is still consolidating. However, later the price may resume moving upwards to reach the closet 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/june2016/15/Image20160615113951003.png)
As we can see at the H1 chart, the local correction is about to finish. On Wednesday, the price may test the retracement of 61.8% one more time. If the price rebounds from it again, Europound may resume moving upwards and break its previous high.
RoboForex Analytical Department