Analysis for May 5th, 2015
EUR USD, “Euro vs US Dollar”
The pair is still being corrected. The closest target at the H4 chart is the group of fibo-levels at 1.1520. I’m planning to open another buy order after the price resumes growing and breaks the maximum.
![](https://www.roboforex.ru/files/forecasts/wave/04052015/Image20150505094521001.png)
At the H1 chart, the price nay return to retracement 38.2%. If it rebounds from this level, the market may resume moving upwards. The upper targets are confirmed by local retracements. Probably, the market may break Friday’s maximum in the nearest future.
![](https://www.roboforex.ru/files/forecasts/wave/04052015/Image20150505094521002.png)
EUR GBP, “Euro vs Great Britain Pound”
Euro pound is being corrected, but may yet continue moving upwards. Right now, the target for bulls is the group of fibo-levels at 0.7470. I’m holding three buy order and planning to open another one when the pair n=breaks the maximum.
![](https://www.roboforex.ru/files/forecasts/wave/04052015/Image20150505094521003.png)
If the pair is able to rebound from retracement 23.6% at the H1 chart, the uptrend may resume. If the future, after reaching the group of upper fibo-levels, the price may start a larger correction.
RoboForex Analytical Department