Analysis for August 18th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the group of upper fibo-levels successfully, Eurodollar is resuming its decline. Probably, later the price may start moving towards the lower targets at 1.0670 – 1.0650. I’m holding a sell order so far and in the future planning to increase my position.
![](https://www.roboforex.ru/files/forecasts/wave/17082015/Image20150818074746001.png)
As we can see at the H1 chart, last Friday the pair rebounded from the correctional retracement of 78.6%. Yesterday the price was supported by the intraday retracement of 50%. The closest target is the group of fibo-levels at 1.0960 – 1.0950.
![](https://www.roboforex.ru/files/forecasts/wave/17082015/Image20150818074746002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound has successfully reached the group of upper fibo-levels. I opened a sell order when the price finished the local correction, after this correction, the market may continue falling. The target is still the group of lower fibo-levels.
![](https://www.roboforex.ru/files/forecasts/wave/17082015/Image20150818074746003.png)
As we can see at the H1 chart, the pair has rebounded from the local correctional retracement of 50%. The closest target is the area at 0.7020 - 0.7010, formed by several retracements. During Tuesday, the pair may reach break the minimum.
RoboForex Analytical Department