Analysis for September 30th, 2015
EUR USD, “Euro vs US Dollar”
The pair is still consolidating. Earlier, Eurodollar rebounded from the correctional retracement of 61.8% and resumed falling. The main target is still the group of lower fibo-levels at 1.0640.
At the H1 chart, Eurodollar has rebounded from the retracement of 50%. The short-term target for bears is still the group of local retracements at 1.0940.
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from the group of lower fibo-levels, Europound continues growing. It’s highly likely that later the pair may reach new highs and soon after that – the closest upside target at 0.7500.
As we can see at the H1 chart, the pair is trying to rebound the local retracement of 50%. The upper target area is confirmed by local retracements. In the future, the market may reach its targets and then start another descending correction.
RoboForex Analytical Department