Analysis for June 16th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is testing the group of upper fibo-levels again. If the price rebounds one more time, it may continue 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/16062015/Image20150616114617001.png)
As we can see at the H1 chart, the pair was just several pips shy to reach a correctional retracement 78.6%. If later the price is able to stay below a correctional retracement 50%, the market may resume moving downwards. The intermediate target, which is confirmed by local retracements, is still at 1.0950.
![](https://www.roboforex.ru/files/forecasts/wave/16062015/Image20150616114617002.png)
EUR GBP, “Euro vs Great Britain Pound”
Europound may also continue the current descending correction. The price has rebounded one more time from the same group of fibo-levels it tested 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/16062015/Image20150616114617003.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