Analysis for December 30th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair reached the correctional retracement of 50% and then rebounded from it quickly. As a result, in the nearest future the market may resume moving downwards to reach the area at 1.0380 – 1.0335, which was tested earlier.
![](https://www.roboforex.ru/files/forecasts/dec2016/30/Image20161230123107001.png)
At the H1 chart, the pair reached several local fibo-levels and then rebounded from them very fast. On Friday, the price may test the group of fibo-levels near the correctional retracement of 38.2% one more time. If the market rebounds from them, it may resume its decline.
![](https://www.roboforex.ru/files/forecasts/dec2016/30/Image20161230123107002.png)
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair reached the correctional retracement of 38.2% and rebounded from it. If the price is able to stay below this level, the market may resume its decline quite soon.
![](https://www.roboforex.ru/files/forecasts/dec2016/30/Image20161230123107003.png)
At the H1 chart, the pair may test the retracement of 38.2% once again. If the price rebounds from this level, market may start a short-term decline towards the correctional retracement of 50% at 0.8500.
RoboForex Analytical Department