Analysis for February 22nd, 2016
EUR USD, “Euro vs US Dollar”
The Eurodollar, after the rebound from the top cluster of Fibo levels began to decline. In the short term, a further decline of the pair is possible. The immediate goal appears is pricing area near 1.0930.
![](https://www.roboforex.ru/files/forecasts/feb2016/22/Image20160222122617001.png)
On the hourly chart, there was a double rebound from a local correctional level of 50%. Lower targets are confirmed by intraday Fibo levels. During the day, the breakdown of last week’s minimum is possible.
![](https://www.roboforex.ru/files/forecasts/feb2016/22/Image20160222122617002.png)
EUR GBP, “Euro vs Great Britain Pound”
Presumably, the cross is heading towards re-testing the Fibo level of 78.6%. If it is followed by its breakdown, it will be possible for a resumption of decline of the currency pair towards the nearest congestion levels (0.7670).
![](https://www.roboforex.ru/files/forecasts/feb2016/22/Image20160222122617003.png)
On the hourly chart the breakdown of a local maximum is possible. Subsequently, with the rebound from the 78.6% mark the beginning of a new round of decline in the cross in the direction to the lower targets is possible.
RoboForex Analytical Department