Analysis for April 6th, 2015
EUR USD, “Euro vs US Dollar”
The correction continues. Probably, the market may continue moving towards the group of upper fibo-levels at 1.1130. If later the price rebounds from them, the main downtrend may resume.
![](https://www.roboforex.ru/files/forecasts/wave/06042015/Image20150406134348001.png)
As we can see at the H1 chart, the target of the current correction was confirmed by local retracements. I’ve got any open orders right now, but I’m planning to open a sell order if the pair rebounds from the predicted target area. We should note that the current ascending correction may continue if the price breaks the predicted target levels.
![](https://www.roboforex.ru/files/forecasts/wave/06042015/Image20150406134348002.png)
EUR GBP, “Euro vs Great Britain Pound”
This pair is also being corrected. It looks like the market is going to reach a new local high during the day. The target of the current correction is the group of upper fibo-levels at 0.7470.
![](https://www.roboforex.ru/files/forecasts/wave/06042015/Image20150406134348003.png)
As we can see at the H1 chart, the predicted target of the current correction is confirmed by local retracements. If the market rebounds from them, I’m planning to open a sell order with the stop loss placed above the current maximum.
RoboForex Analytical Department