Analysis for November 25th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. If the price rebounds from the retracement of 61.8%, the pair may resume its decline. The main target is still the group of lower fibo-levels at 1.0450.
As we can see at the H1 chart, the predicted target of the current correction is confirmed by local retracements. In the nearest future, the price may complete the correction, break the minimum, and then continue falling towards downside targets.
EUR GBP, “Euro vs Great Britain Pound”
Europound is also being corrected. Probably, it may test the retracement of 50%. It looks like in the nearest future the market may resume its decline towards the group of lower fibo-levels at 0.6875.
At the H1 chart, the predicted target of the current correction is confirmed by local retracements. If the pair rebounds from it, the market may start falling towards the local group of fibo-levels at 0.6945. After reaching them, the price may start an ascending correction.
RoboForex Analytical Department