Fibonacci analysis for July 16, 2015
EUR USD "Eurodollar"![Fibonacci analysis of EUR/USD for 16.07.2015](https://www.roboforex.ru/files/forecasts/wave/01042015/16072015/Image20150716151044001.png)
The euro continues to decline. A few days ago the market formed a series of jumps from the correctional mark of 50%. The lower cluster of fibo-levels in the region of 1.0640 still remains relevant.
![Fibonacci analysis of EUR/USD for 16.07.2015](https://www.roboforex.ru/files/forecasts/wave/01042015/16072015/Image20150716151044002.png)
On the hourly chart the price has formed a retreat from the correctional level of 50%. Intermediate target still stands at the cluster of levels near 1.0790. Probably, during the day we will see some new lows.
EUR GBP "Euro to British pound"![Fibonacci analysis of EUR/GBP for 16.07.2015](https://www.roboforex.ru/files/forecasts/wave/01042015/16072015/Image20150716151044003.png)
The Cross steadily progresses down. Earlier, the price formed a retreat from the correctional level of 50%. The aim for the near future acts as the cluster of fibo-levels in the mark of 0.6870. Earlier, at the end of the local correction, I entered into a deal to sell more.
![Fibonacci analysis of EUR/GBP for 16.07.2015](https://www.roboforex.ru/files/forecasts/wave/01042015/16072015/Image20150716151044004.png)
On the hourly graph the price is confidently moving to new targets. Later on I plan to build up my short position. In the case of the retreat from the lower levels a beginning of a coming correction is possible.
RoboForex Analytical Department