Analysis for August 28th, 2015
EUR USD, “Euro vs US Dollar”
Probably, Eurodollar is starting a new descending movement. After rebounding from several upper fibo-levels, the price is falling steadily. During the correction, I opened a sell order. It looks like later the market is going to reach several new lows.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/Image20150828144945001.png)
As we can see at the H1 chart, the closest target is the group of fibo-levels at 1.1115. The pair has been able to stay below the retracement of 23.6%, that is why the market may break the minimum during Friday. Later, the pair may start a local correction from the lower area.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/Image20150828144945002.png)
EUR GBP, “Euro vs Great Britain Pound”
Probably, Europound is resuming its decline as well. Earlier, the pair rebounded from the upper fibo-levels and now may continue moving towards the closest downside target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/Image20150828144945003.png)
At the H1 chart, the closest downside target is confirmed by local retracements. Consequently, in the nearest future the pair may break the previous low. Later, I’m planning to open a sell order.
RoboForex Analytical Department