Analysis for September 16th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still consolidating. If later the pair is able to stay below the retracement of 23.6%, the market may start falling towards the group of lower fibo-levels at 1.0630. I’m planning to open another sell order when the pair finishes the local correction.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/16/Image20150916083858001.png)
At the H1 chart, the predicted target of the current correction, which is at the retracement of 38.2%, is confirmed by local retracements. I’m holding one sell order. If later the price is able to stay below the retracement of 23.6%, I’m planning to open another sell order.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/16/Image20150916083858002.png)
EUR GBP, “Euro vs Great Britain Pound”
It looks like Europound is going to test the group of upper fibo-levels again. If the market rebounds from them, it may start falling towards the closest downside target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/16/Image20150916083858003.png)
At the H1 chart, the price may try to test the retracement of 78.6% once again. If the pair rebounds from this level, it may resume falling. In this case, I’m planning to open a sell order.
RoboForex Analytical Department