Analysis for August 31st, 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, the stop loss on which is already in breakeven. It looks like later the market is going to reach several new lows.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/31082015/Image20150831135458001.png)
As we can see at the H1 chart, the closest target is the group of fibo-levels at 1.1115. Later, the pair may start a new correction from this area. After this correction, I’m planning to sell more actively.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/31082015/Image20150831135458002.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 right now may continue moving towards the closest downside target at 0.7220.
![](https://www.roboforex.ru/files/forecasts/wave/27082015/28082015/31082015/Image20150831135458003.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