Fibonacci analysis for 15 July 2015
EUR USD "Eurodollar"
The euro resumes its decline. In the end of last week the market formed a series of jumps away from the correctional mark of 50%. After the end of the local correction a break through the minimum is possible. The lower cluster of fibo-levels in the 1.0640 region remains relevant.
On the hourly chart the benchmark for the end of the local correction is the level of 50%, which can be tested by the price very soon. Intermediate target still stands congestion levels near 1.0790.EUR GBP "Euro to British pound"
Cross steadily progresses down. Earlier, the price formed a retreat from the correctional level of 50%. The aim for the near future acts as the congestion of fibo-levels in the mark of 0.6870. Earlier, on the probable end of the local correction I entered into a deal to sell.
On the hourly chart the price has played off an intermediate accumulation of fibo-levels and now, after the local correction may be reduced to the basic objectives. Subsequently, I plan to increase the volume of short positions.RoboForex Analytical Department