Analysis for April 14th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the group of upper fibo-levels several times, Eurodollar is back to falling. I’ve opened another sell order during a local correction. Possibly, during the next several days the price may reach several new lows and continue falling towards its lower targets.
![](https://www.roboforex.ru/files/forecasts/wave/14042015/Image20150414140059001.png)
As we can see at the H1 chart, the price has reached the group of intermediate fibo-levels at 1.0600, but hasn’t started any serious corrections after that. The lower targets are confirmed by more and more local retracements.
![](https://www.roboforex.ru/files/forecasts/wave/14042015/Image20150414140059002.png)
EUR GBP, “Euro vs Great Britain Pound”
Euro pound has resumed falling and broken a local low. Earlier the pair rebounded from the group of upper fibo-levels several times. The closest target is the area close to several retracements at 0.7150.
![](https://www.roboforex.ru/files/forecasts/wave/14042015/Image20150414140059003.png)
As we can see at the H1 chart, the predicted target of the current descending movement is confirmed by local retracements. Possibly, the market may rebound from this area upwards and start a correction. However, the door swings both ways – if bears break it, they will continue pushing the market towards new lows.
RoboForex Analytical Department