Analysis for July 23rd, 2015
Eurodollar is being corrected. If in the nearest future the price rebounds from retracement 50%, the downtrend may resume. I’m planning to open another sell order with the target at the group of lower fibo-levels after the pair stays below retracement 38.2%.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, the target area of the current correction is confirmed by local retracements. If the pair rebounds from this area, the market may start a new descending movement.
EUR GBP, “Euro vs Great Britain Pound”Europound is still being corrected. Earlier, the pair rebounded from a correctional retracement 50%. The target for the nearest future is the group of fibo-levels at 0.6870. Yesterday I opened a sell order when the pair completed the local correction.
At the H1 chart, the price is also being corrected. If the pair rebounds from a local retracement 78.6%, the downtrend may resume. The target is still the group of lower fibo-levels.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.