Analysis for April 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues growing steadily. Yesterday the pair reached the group of fibo-levels close to a correctional retracement 61.8%. Possibly, during the week the market may continue growing towards the next target area at 1.1250.
![](https://www.roboforex.ru/files/forecasts/wave/30042015/Image20150430074428001.png)
At the H1 chart, the upper targets are confirmed by local retracements. During the correction, I opened another buy order. I’ve already moved the stop loss on both orders to breakeven; Most likely, the market may break the maximum in the nearest future.
![](https://www.roboforex.ru/files/forecasts/wave/30042015/Image20150430074428002.png)
EUR GBP, “Euro vs Great Britain Pound”
In case of Euro pound, the correction may yet become deeper. During the correction, I opened another buy order. Probably, the price may break the previous high during the week. The target is the group of fibo-levels at 0.7250.
![](https://www.roboforex.ru/files/forecasts/wave/30042015/Image20150430074428003.png)
As we can see at the H1 chart, the upper targets are confirmed by local retracements. I’m planning to increase my long position if the price continues growing towards the above-mentioned area. We should also note that if the market breaks these retracements, the correction may continue.
RoboForex Analytical Department