Analysis for June 12th, 2015
EUR USD, “Euro vs US Dollar”
After several rebounds from the group of upper fibo-levels, Eurodollar is attempting to resume falling. The closest target for bears is the group of fibo-levels at 1.0950. If the price breaks this area, it may continue falling much deeper.
![](https://www.roboforex.ru/files/forecasts/wave/12062015/Image20150612111839001.png)
As we can see at the H1 chart, the intermediate target (1.0950) is confirmed by local retracements. Possibly, after reaching this area, the price may start a short-term correction. I’ve moved the stop loss on my sell order to breakeven to decrease the risks.
![](https://www.roboforex.ru/files/forecasts/wave/12062015/Image20150612111839002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound may also continue the current descending correction. The price has rebounded again from the same group of fibo-levels it rebounded several days earlier. In the nearest future, the market may continue falling towards retracement 23.6%, which is confirmed by local retracements.
![](https://www.roboforex.ru/files/forecasts/wave/12062015/Image20150612111839003.png)
As we can see at the H1 chart, the closest target for bears is the group of fibo-levels at 0.7070. If the price breaks this area, the pair may continue falling much deeper.
RoboForex Analytical Department