Analysis for March 4th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the upper fibo-levels several times, Eurodollar continues falling. The closest target for bears is the group of fibo-levels at 1.0940. I’m planning to stop trading after the pair reaches the above-mentioned area.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_94.png)
As we can see at the H1 chart, the pair has rebounded from a local retracement 38.2%. Earlier I opened an additional sell order and moved the stop losses on my previous ones a bit lower. Possibly, the market may reach its lower targets in the nearest future.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_93.png)
EUR GBP, “Euro vs Great Britain Pound”
The pair is being corrected and may test the closest retracement 38.2% during the day. The target is still at the group of lower fibo-levels. In the near term, if the market rebounds from retracement 38.2%, the downtrend may continue.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/eurgbpfib1_16.png)
As we can see at the H1 chart, the price has started a local correction. Probably, the pair may rebound from retracement 38.2% during the day and then resume falling towards the lower targets.
RoboForex Analytical Department