Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Yesterday, Eurodollar rebounded from the correctional retracement of 61.8% once again. Consequently, in the nearest future the market may continue its descending movement. The closest target is still the group of downside retracements at 1.1200 – 1.1190.
At the H1 chart, the downside targets are confirmed by intraday fibo-levels, which make them even more important. It’s highly likely that on Friday the market may continue falling. If the price rebounds from the specified targets, it may start a new correction.
Europound is still moving downwards as the correction continues. It’s highly likely that in the nearest future the market may test the group of closest retracements at 0.7810 – 0.7800. If the price breaks this area, the pair may fall much deeper.
At the H1 chart, yesterday Europound rebounded from the local correctional retracement of 61.8%. The downside targets are confirmed by intraday fibo-levels. Consequently, on Friday the market may continue moving downwards.
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