Analysis for November 26th, 2015
EUR USD, “Euro vs US Dollar”
Yesterday, Eurodollar rebounded from the retracement of 61.8% and reached a new low. Right now, the local correction is taking place, which may be followed by another new low. The main target is still the group of lower fibo-levels at 1.0450.
![](https://www.roboforex.ru/files/forecasts/november2015/25/Image20151126133730001.png)
As we can see at the H1 chart, the target of the current local correction is at the retracements of 61.8%. If the price rebounds from it during the day, the market may resume falling towards downside targets.
![](https://www.roboforex.ru/files/forecasts/november2015/25/Image20151126133730002.png)
EUR GBP, “Euro vs Great Britain Pound”
On Wednesday, Europound rebounded from the retracement of 38.2%, which means that it may start a new descending movement. It looks like in the nearest future the market may continue its decline towards the group of lower fibo-levels at 0.6875.
![](https://www.roboforex.ru/files/forecasts/november2015/25/Image20151126133730003.png)
As we can see at the H1 chart, Europound has rebounded from the retracement of 50% during the local correction. It’s highly likely that on Thursday the pair may reach a new low. Later the market may continue falling towards the local group of fibo-levels at 0.6945. After reaching them, the price may start an ascending correction.
RoboForex Analytical Department