Analysis for September 25th, 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 looks like quite soon the market is going to break the minimum formed in the beginning of the week.
As we can see at the H1 chart, Eurodollar has rebounded from the correctional retracement of 50%. The closest target for bears is the group of local retracements at 1.0940. After reaching them, the pair may start an ascending correction.
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the group of lower fibo-levels, Europound has started growing. It looks like after completing the local correction the pair is going to continue growing towards the closest upside target at 0.7500.
As we can see at the H1 chart, the price is trying to rebound from the local retracement of 38.2%. The upper target area is confirmed by local retracements. In the nearest future, the market may break yesterday’s high.
RoboForex Analytical Department