Analysis for March 9th, 2015
EUR USD, “Euro vs US Dollar”
Last Friday, Eurodollar reached its targets. Probably, the pair may continue falling towards the next group of fibo-levels at 1.0650. I’ve opened another sell order during a local correction.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib_2.png)
As we can see at the H1 chart, the lower targets are confirmed by local retracements. When the price completed a short-term correction at retracement 23.6%, I opened one more sell order. I’ll move the stop loss on this order to breakeven as soon as the market breaks the minimum.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_96.png)
EUR GBP, “Euro vs Great Britain Pound”
The target is still at the group of lower fibo-levels. If later the market rebounds from these levels, the price may start a deeper correction. I’m staying out of the market right now due to the high volatility.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/eurgbpfib1_19.png)
As we can see at the H1 chart, the target area is confirmed by local retracements. If the pair rebounds from a local retracement 38.2%, the market will resume falling.
RoboForex Analytical Department