Analysis for June 23rd, 2015
EUR USD, “Euro vs US Dollar”
Euro hasn’t been strong enough to continue its ascending correction. Possibly, it is starting a new descending movement. The closest target is the group of fibo-levels at 1.0660. If the price breaks this area, the market will continue falling.
![](https://www.roboforex.ru/files/forecasts/wave/27042015/23062015/Image20150623161127001.png)
As we can see at the H1 chart, the pair continues falling steadily. The target is the group of fibo-levels at 1.0950. After reaching it, the market may start an intraday correction.
![](https://www.roboforex.ru/files/forecasts/wave/27042015/23062015/Image20150623161127002.png)
EUR GBP, “Euro vs Great Britain Pound”
After consolidating for a long time, Europound has resumed falling. The target for the next several days is still the group of fibo-levels at 0.7020.
![](https://www.roboforex.ru/files/forecasts/wave/27042015/23062015/Image20150623161127003.png)
At the H1 chart, the price has rebounded from retracement 61.8%. The lower targets are confirmed by local retracements. If later the price rebounds from this area, the market may start a new correction.
RoboForex Analytical Department