Analysis for February 6th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. Possibly, the price may once again test the group of fibo-levels, from which it rebounded earlier. If it rebounds from this area again, the downtrend may resume.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_77.png)
As we can see at the H1 chart, after making a descending movement yesterday, the market started a new correction. Possibly, the price may reach a new high during the day. I’m planning to open another sell order as soon as the pair resumes falling.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_76.png)
EUR GBP, “Euro vs Great Britain Pound”
The pair has rebounded from a correctional retracement 61.8% and several local levels near it. In the nearest future, the market is expected to resume its descending movement.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/eurgbpfib1.png)
As we can see at the H1 chart, the price may continue its short-term correction and test a local retracement 50%. If the pair rebounds from it, the price may start a new descending movement.
RoboForex Analytical Department