Analysis for April 1st, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from retracement 50% several times, Eurodollar has resumed falling. Earlier I opened another short-term order during the correction and plan to move the stop loss to breakeven when the market breaks the minimum.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/Image20150401131553001.png)
As we can see at the H1 chart, the target of the current correction was confirmed by local retracements. The closest target is the group of intermediate fibo-levels at 1.0700. After reaching it, the market may start a local pullback upwards.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/Image20150401131553002.png)
EUR GBP, “Euro vs Great Britain Pound”
After completing the correction at retracement 61.8%, the price is attempting to resume the main downtrend. I’ve got two sell order and plan to open another one when the pair completes the current correction.
![](https://www.roboforex.ru/files/forecasts/wave/01042015/Image20150401131553003.png)
As we can see at the H1 chart, the correction has reached retracement 50%. If the market rebounds from it, the price may resume falling. The target is the group of intermediate fibo-levels at 0.7155 – 0.7145. In the future, the pair may start a local correction from this area. If it happens, I’ll open another order.
RoboForex Analytical Department