Analysis for November 30th, 2015
EUR USD, “Euro vs US Dollar”
It looks like 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. it’s highly likely that the price may break the local low on Monday.
![](https://www.roboforex.ru/files/forecasts/november2015/30/Image20151130044345001.png)
At the end of the last week, the price rebounded from the local retracements of 61.8%. During the day, the local correction may take place, which may be followed by a further decline of the pair towards its downside targets.
![](https://www.roboforex.ru/files/forecasts/november2015/30/Image20151130044345002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound has rebounded from the retracement of 38.2% twice, that’s why we can expected it to resume its descending movement. The closest target is the group of lower fibo-levels at 0.6875.
![](https://www.roboforex.ru/files/forecasts/november2015/30/Image20151130044345003.png)
At the H1 chart, Europound has rebounded from the retracement of 61.8% during the local correction. Later the market may continue falling towards the group of fibo-levels at 0.6945. It’s highly likely that on Monday the pair may reach a new low.
RoboForex Analytical Department