Analysis for March 30th, 2015
EUR USD, “Euro vs US Dollar”
During the last week, Eurodollar rebounded from retracement 50% several times, which was confirmed by several local retracements. Probably, this fact indicates that the downtrend may resume. I opened a short-term order during a correction and plan to move the stop loss to breakeven when the market breaks the minimum.
![](https://www.roboforex.ru/files/forecasts/wave/30032015/Image20150330114456001.png)
As we can see at the H1 chart, the target of the current correction was confirmed by local retracements. The closest target is the group of intermediate fibo-levels at 1.0700. After reaching it, the market may start a local pullback upwards.
![](https://www.roboforex.ru/files/forecasts/wave/30032015/Image20150330114456002.png)
EUR GBP, “Euro vs Great Britain Pound”
Probably, the pair has completed its correction at retracement 61.8% and rebounded from it, which means that the main downtrend may resume. I’ve still got one sell order with the stop loss placed at a local high.
![](https://www.roboforex.ru/files/forecasts/wave/30032015/Image20150330114456003.png)
As we can see at the H1 chart, the short-term target is the group of intermediate fibo-levels at 0.7155 – 0.7145. In the future, the pair may start a local correction from this area. If it happens, I’ll open another order.
RoboForex Analytical Department