Analysis for February 18th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the upper fibo-levels, Eurodollar started a correction. The closest target for bears is the group of fibo-levels at 1.0940. I’m planning to stop trading after the pair reaches the above-mentioned area.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_84.png)
At the H1 chart, we can see the intermediate group of fibo-levels (1.1180). The pair has rebounded a correctional retracement 78.6% twice, which means that the market may start moving towards the above-mentioned levels. Possibly, later the pair may start a new short-term correction from the lower levels, thus allowing to open another sell order.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_83.png)
EUR GBP, “Euro vs Great Britain Pound”
Last week, the pair rebounded from a correctional retracement 61.8% and several local levels near it. In the nearest future, the market is expected to continue its descending movement.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/eurgbpfib1_6.png)
As we can see at the H1 chart, the price has completed the current correction at retracements 78.6%. Later, the pair is expected to continue falling towards the predicted target area. I’ve already moved the stop losses on my sell orders close to the previous minimum.
RoboForex Analytical Department