Analysis for July 22nd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has started a correction. Possibly, in the nearest future the price may reach retracement 50%. If the pair rebounds from this level and then stays below retracement 38.2%, I’m planning to open another sell order with the target at the group of lower fibo-levels.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/22072015/Image20150722141240001.png)
As we can see at the H1 chart, the target area of the current correction is confirmed by local retracements. Probably, the market may break yesterday’s high during the next several hours.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/22072015/Image20150722141240002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound resumes falling. Earlier, the pair rebounded from a correctional retracement 50%. The target for the nearest future is the group of fibo-levels at 0.6870. I opened a sell order when the pair completed the local correction.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/22072015/Image20150722141240003.png)
At the H1 chart, the price is being corrected. Yesterday, the price rebounded from retracement 38.2% and resumed falling. The target is still the group of lower fibo-levels.
RoboForex Analytical Department