Analysis for June 24th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the retracement of 61.8% successfully, Eurodollar started falling. Later, the price reached the group of downside retracements and rebounded from them. Consequently, in the nearest future the correction may continue.
![](https://www.roboforex.ru/files/forecasts/june2016/24/Image20160624165126001.png)
As we can see at the H1 chart, the target of the correction is the retracement of 50% and fibo-levels surrounding it. In the future, the pair may continue its local growth. After rebounding from the retracement of 50%, the market may start a new descending movement.
![](https://www.roboforex.ru/files/forecasts/june2016/24/Image20160624165126002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound rebounded from the group of downside fibo-levels and then reached its upside targets. In the nearest future, the pair may be corrected. The closest target is at the retracement of 50%. If the market rebounds from this level, it may resume moving upwards.
![](https://www.roboforex.ru/files/forecasts/june2016/24/Image20160624165126003.png)
As we can see at the H1 chart, the retracement of 50% is confirmed by local fibo-levels. Possibly, the price may test this level on Friday. If the pair rebounds from it, the market will continue growing.
RoboForex Analytical Department