Analysis for August 24th, 2015
The pair continues the fast ascending correction. The closest target for bulls is the group of upper fibo-levels at 1.1600. During the local correction, I opened a buy order, just as I planned.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, the local correction is taking place. If in the nearest future the pair rebounds from the retracements of 61.8%, the price may resume moving upwards. The upper targets are confirmed by local retracements.
EUR GBP, “Euro vs Great Britain Pound”After rebounding from the correctional retracement of 61.8%, Europound hast started a fast ascending rally. During the local correction, I opened a buy order. The closest target for bulls is the group of upper fibo-levels at 0.7275.
If the pair rebounds from the group of local retracements at 0.7370 at the H1 chart, the market may start a descending correction. After the correction, I’m planning to open another buy order as the price continues moving upwards.
RoboForex Analytical Department
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