Analysis for September 28th, 2016
EUR USD, “Euro vs US Dollar”
After failing to fix above the correctional retracement of 61.8%, the EUR/USD pair is trying to resume moving downwards. The closest target is the group of fibo-levels at 1.1170. If the price breaks this area, the market will continue falling towards 1.1075.
![](https://www.roboforex.ru/files/forecasts/sep2016/28/Image20160928084541001.png)
At the H1 chart, the closest target of the correction is the retracement of 38.2% at 1.1225. If later the pair rebounds from this level, the market may resume its decline towards the closest target area at 1.1170.
![](https://www.roboforex.ru/files/forecasts/sep2016/28/Image20160928084541002.png)
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair is still moving upwards. Earlier, the price rebounded from the correctional retracement of 78.6% and started the current growth. The closest target is the group of fibo-levels at 0.9090 – 0.9030.
![](https://www.roboforex.ru/files/forecasts/sep2016/28/Image20160928084541003.png)
At the H1 chart, the pair is testing the correctional retracement of 61.8%. If the price rebounds from this level, it may resume moving upwards. The intraday target is the group of fibo-levels at 0.8870.
RoboForex Analytical Department