Analysis for July 25th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the correctional retracement of 50%, Eurodollar has started falling. The closest target is the group of downside retracements at 1.0810. If the price rebounds from this level upwards, the market will start a new ascending correction.
![](https://www.roboforex.ru/files/forecasts/july2016/25/Image20160725150528001.png)
As we can see at the H1 chart, the price has rebounded from the local correctional retracement of 50%. As a result, the pair may start a new decline towards the downside targets. Consequently, on Monday, the market may break its previous low.
![](https://www.roboforex.ru/files/forecasts/july2016/25/Image20160725150528002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound has already rebounded from the correctional retracement of 38.2% several times, which means that it may resume its descending correction. The closest target is the retracement of 50%. If the pair rebounds from this level, it may resume growing.
![](https://www.roboforex.ru/files/forecasts/july2016/25/Image20160725150528003.png)
At the H1 chart, the price hasn’t been able to stay above the retracement of 38.2% after all. Consequently, during the day the market may fall towards the closest bearish targets at 0.8110.
RoboForex Analytical Department