Analysis for January 19th, 2015
EUR USD, “Euro vs US Dollar”
Euro is falling. The closest target is the updated group of lower fibo-levels at 1.1485. If later the price rebounds from this area, the pair may start a new correction.
At the H1 chart, the lower predicted targets are confirmed by local retracements. The price is still moving close to its lows, thus allowing me to hold my sell orders, but I’m not planning to open new ones.
AUD USD, “Australian Dollar vs US Dollar”
When the price was finishing its local correction last Friday, I opened a sell order. The target is the group of lower fibo-levels at 0.7800. After reaching this level, the pair may start an ascending correction.
At the H1 chart, the predicted targets are confirmed by local retracements. As soon as the market starts falling, I’m planning to move the stop loss on my order to the level where it was opened. Later I’m planning to open additional sell orders.
RoboForex Analytical Department