Analysis for June 1st, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside
flat. Last Friday, the price rebounded from retracement 50%, and, possibly, it may be a signal for the market to resume the downtrend. The main target is still the group of lower fibo-levels at 1.0720.
![](https://www.roboforex.ru/files/forecasts/wave/01062015/Image20150601112445001.png)
As we can see at the H1 chart, the lower targets are confirmed by local retracements. I opened a sell order when the price rebounded from the upper fibo-levels. I’ve already moved the stop loss on my sell order to breakeven and in the future plan to open another order.
![](https://www.roboforex.ru/files/forecasts/wave/01062015/Image20150601112445002.png)
EUR GBP, “Euro vs Great Britain Pound”
At the end of last week, Europound rebounded from a correctional retracement 61.8%. Probably, in the future the pair may fall towards its previous lows. The closest target is still the group of lower fibo-levels at 0.6975.
![](https://www.roboforex.ru/files/forecasts/wave/01062015/Image20150601112445003.png)
As we can see at the H1 chart, the price is moving below retracement 50%. Probably, in the future the pair may start another descending movement towards the lower targets, which are confirmed by local retracements.
RoboForex Analytical Department