Analysis for September 18th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. If the pair rebounds from the local retracement of 61.8% during the day, it may resume falling. Otherwise, if the price breaks this level, it may continue growing towards the retracement of 78.6%.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/18/Image20150918140615001.png)
At the H1 chart, the predicted target of the current correction is confirmed by local retracements. If later the price rebounds from these targets, I’m planning to open a sell order with the stop loss above the maximum.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/18/Image20150918140615002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound may yet resume falling. Earlier, the price was just several tens of pips shy to reach the group of upper fibo-levels again. Later, the market may continue falling towards the closest target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/18/Image20150918140615003.png)
At the H1 chart, the local correction is taking place; the market has already rebounded from the retracement of 78.6%. 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