Analysis for September 17th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is testing the correctional retracement of 38.2% again. If the price rebounds from this level, I’m planning to open another sell order. The main target is still the group of lower fibo-levels at 1.0630.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/17/Image20150917094141001.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/september2015/17/Image20150917094141002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound was just several tens of pips shy to reach the group of upper fibo-levels again, when the price resumed falling. Later, the market may continue falling towards the closest target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/17/Image20150917094141003.png)
At the H1 chart, the local correction is taking place. It’s highly likely that during the day the price may reach a new low. If later the pair is able to break the group of lower fibo-levels, it may continue falling much deeper.
RoboForex Analytical Department