Analysis for June 5th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the group of intermediate fibo-levels and started a short-term correction. Probably, price may reach a new local low during the day. In the future, the market is expected to resume growing towards the upper targets.
![](https://www.roboforex.ru/files/forecasts/wave/22042015/05062015/Image20150605123536001.png)
As we can see at the H1 chart, the closest target of the current descending correction is at retracement 61.8%. If the price rebounds from it, the pair may start another ascending movement. Consequently, in this case I’m planning to open a buy order.
![](https://www.roboforex.ru/files/forecasts/wave/22042015/05062015/Image20150605123536002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound may also start a new local correction. The target is still the group of upper fibo-levels. Possibly, the pair may break the previous highs quite soon and reach its predicted targets.
![](https://www.roboforex.ru/files/forecasts/wave/22042015/05062015/Image20150605123536003.png)
As we can see at the H1 chart, yesterday the market couldn’t broke the group of local retracements and started a correction. Later, after the pair breaks yesterday’s high, I’m planning to open another buy order.
RoboForex Analytical Department