Analysis for August 24th, 2015
EUR USD, “Euro vs US Dollar”
The pair continues the fast ascending correction. The closest target for bulls is the group of upper fibo-levels at 1.1600. During the local correction, I opened a buy order, just as I planned.
![](https://www.roboforex.ru/files/forecasts/wave/18082015/19082015/20082015/21082015/24082015/Image20150824091217001.png)
As we can see at the H1 chart, the local correction is taking place. If in the nearest future the pair rebounds from the retracements of 61.8%, the price may resume moving upwards. The upper targets are confirmed by local retracements.
![](https://www.roboforex.ru/files/forecasts/wave/18082015/19082015/20082015/21082015/24082015/Image20150824091217002.png)
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the correctional retracement of 61.8%, Europound hast started a fast ascending rally. During the local correction, I opened a buy order. The closest target for bulls is the group of upper fibo-levels at 0.7275.
![](https://www.roboforex.ru/files/forecasts/wave/18082015/19082015/20082015/21082015/24082015/Image20150824091217003.png)
If the pair rebounds from the group of local retracements at 0.7370 at the H1 chart, the market may start a descending correction. After the correction, I’m planning to open another buy order as the price continues moving upwards.
RoboForex Analytical Department