Analysis for September 24th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the correctional retracement of 61.8%, Eurodollar has resumed its descending movement. The closest target is still the group of lower fibo-levels at 1.0640. It’s highly likely that quite soon the market may break the minimum formed in the beginning of the week.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/24/Image20150924105143001.png)
At the H1 chart, Eurodollar is being corrected. Possibly, in the nearest future the price may rebound from the local retracement of 38.2%. The closest target for bears is the group of local retracements at 1.0940.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/24/Image20150924105143002.png)
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the group of lower fibo-levels, Europound has started growing, thus eliminating the possibility of a further decline. It looks like in the future the pair is going to continue growing towards the closest upside target at 0.7500.
![](https://www.roboforex.ru/files/forecasts/wave/september2015/24/Image20150924105143003.png)
As we can see at the H1 chart, the upper target area is confirmed by local retracements. It’s highly likely that during the day the pair may form a short-term correction, after which I’m planning to start buying.
RoboForex Analytical Department