Analysis for November 27th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the retracement of 61.8%, Eurodollar has resumed its decline. The main target is still the group of lower fibo-levels at 1.0450. Possibly, the price may break the local low during the day.
At the H1 chart, yesterday the price rebounded from the retracements of 61.8%. After completing the intraday correction, the pair may resume falling towards downside targets. After reaching them, the market may start a short-term ascending correction.
EUR GBP, “Euro vs Great Britain Pound”
Europound has rebounded from the retracement of 38.2% twice, 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.
At the H1 chart, Europound has rebounded from the retracement of 61.8% during the local correction. It’s highly likely that on Friday 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 a short-term ascending correction.
RoboForex Analytical Department