Analysis for June 28th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar rebounded from the retracement of 50% during the local correction, which means that it may resume falling. It’s highly likely that in the nearest future the pair may continue falling towards the group of fibo-levels at 1.0810.
![](https://www.roboforex.ru/files/forecasts/june2016/28/Image20160628160140001.png)
As we can see at the H1 chart, the price is still consolidating. Today, the pair has rebounded from the correctional retracement of 61.8% and may soon break previous lows.
![](https://www.roboforex.ru/files/forecasts/june2016/28/Image20160628160140002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound continues growing steadily. Earlier, the price rebounded from the correctional retracement of 78.6%. The local correction that followed later reached the retracement of 38.2% and then broke the maximum. The closest target for bulls is the area at 0.8480.
![](https://www.roboforex.ru/files/forecasts/june2016/28/Image20160628160141001.png)
At the H1 chart, the pair is being corrected after yesterday’s growth. If the price rebounds from the retracement of 38.2% during the day, it may resume growing. In this case, in the future the market may break the high and reach the upside targets.
RoboForex Analytical Department