Analysis for January 22nd, 2015
EUR USD, “Euro vs US Dollar”
Euro is still moving inside flat
. The closest target is the updated group of lower fibo-levels at 1.1375. If the price rebounds from local retracement 50%, the pair will continue moving towards the above-mentioned target.
At the H1 chart, the lower predicted targets are confirmed by local retracements. Yesterday, the price rebounded from retracement 50%. In the nearest future, the pair may continue falling towards its lower targets, which may later become a starting point of a new and more serious correction.
AUD USD, “Australian Dollar vs US Dollar”
When the price was finishing its local correction last week, I opened a sell order. The target is the group of lower fibo-levels at 0.7950. During a local correction, I’ve opened an additional sell order. The stop loss on my previous order has already been moved in the black.
At the H1 chart, the predicted targets are confirmed by local retracements. In the nearest future, the pair may reach a correctional retracement 38.2%. As soon as the market starts falling, I’m planning to move the stop loss on my order to the level where it was opened.
RoboForex Analytical Department