Analysis for December 15th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the correctional retracement of 38.2%, the EUR/USD pair resumed falling and reached a new low. The closest target is the group of fibo-levels at 1.0360. After reaching them, the price may start an ascending correction.
![](https://www.roboforex.ru/files/forecasts/dec2016/15/Image20161215111210001.png)
At the H1 chart, yesterday the pair rebounded from the retracement of 38.2% once again. During the day, the local correction may take place towards the above-mentioned retracement at 1.0543. If the market rebounds from this level, it may resume falling to reach its downside targets.
![](https://www.roboforex.ru/files/forecasts/dec2016/15/Image20161215111210002.png)
EUR GBP, “Euro vs Great Britain Pound”
In case of the EUR/GBP pair, the local descending correction is taking place. In the nearest future, the market may resume moving upwards to reach the retracement of 38.2%, which is confirmed by intraday fibo-levels.
![](https://www.roboforex.ru/files/forecasts/dec2016/15/Image20161215111210003.png)
As we can see at the H1 chart, the pair is trading close to the correctional retracement of 78.6%. If later the market fixes above this level, it may start another growth to reach the group of upside fibo-levels at 0.8590 – 0.8610.
RoboForex Analytical Department