Analysis for August 19th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the group of upper fibo-levels, Eurodollar has resumed 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/18082015/Image20150819085432001.png)
As we can see at the H1 chart, the pair may rebound from the local correctional retracement of 38.2% during the current correction. 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/18082015/Image20150819085432002.png)
EUR GBP, “Euro vs Great Britain Pound”
Last week, Europound successfully reached the group of upper fibo-levels. I opened a sell order when earlier 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/18082015/Image20150819085432003.png)
If the pair rebounds from the local retracement of 38.2% during the day, it may resume moving downwards. The closest target is the local area at 0.6980 - 0.6975, formed by several retracements. During the next several hours, the pair may reach break the minimum.
RoboForex Analytical Department