Analysis for March 18th, 2015
EUR USD, “Euro vs US Dollar”
The correction continues. Probably, later the price may continue falling towards the next group of fibo-levels at 1.0220. After reaching them, the market may start a larger ascending correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2015/March/18/eurusdfib1.png)
As we can see at the H1 chart, the lower target area is confirmed by local retracements. I’m planning to open another sell order with the stop loss at a local high when the market rebounds from a correctional retracement 78.6%.
![](https://roboforex.com/files/filemanager/image/forecasts/2015/March/18/eurusdfib2.png)
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from its target area, the pair has started a correction. Possibly, in the near term the market may test retracement 38.2% and then continue falling towards deeper targets at 0.6900.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/eurgbpfib1_26.png)
As we can see at the H1 chart, the target of the current correction is at retracement 78.6%. Possibly, later the price may resume moving downwards. The target area of the correction is confirmed by local retracement, which make this area even more important.
RoboForex Analytical Department