Analysis for May 25th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the group of local retracements, Eurodollar has started falling fast. In the nearest future, the pair may continue moving downwards to reach the closest group of fibo-levels close to a correctional retracement 61.8% at 1.0900.
As we can see at the H1 chart, the target of the current correction is confirmed by local retracements. I’m holding one sell order; the stop loss is already in breakeven. Probably, the market may reach its lower target during the day.
EUR GBP, “Euro vs Great Britain Pound”
Europound continues falling. The closest target is still the group of lower fibo-levels at 0.6975. I didn’t have enough time during the local correction to open another sell order, that’s why I’ve got only one sell order so far.
As we can see at the H1 chart, at the end of last week, the pair rebounded from a local correctional retracement 50%. Probably, in the nearest future the pair will continue falling. The lower targets are confirmed by local retracements.
RoboForex Analytical Department