Fibonacci Retracements Analysis 16.06.2015 (EUR/USD, EUR/GBP)

June 16, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is testing the group of upper fibo-levels again. If the price rebounds one more time, it may continue falling. The closest target for bears is the group of fibo-levels at 1.0950. If the price breaks this area, it may continue falling much deeper.

As we can see at the H1 chart, the pair was just several pips shy to reach a correctional retracement 78.6%. If later the price is able to stay below a correctional retracement 50%, the market may resume moving downwards. The intermediate target, which is confirmed by local retracements, is still at 1.0950.

EUR GBP, “Euro vs Great Britain Pound”

Europound may also continue the current descending correction. The price has rebounded one more time from the same group of fibo-levels it tested several days earlier. In the nearest future, the market may continue falling towards retracement 23.6%, which is confirmed by local retracements.

As we can see at the H1 chart, the closest target for bears is the group of fibo-levels at 0.7070. If the price breaks this area, the pair may continue falling much deeper.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Trade360 Rating
Grand Capital Rating
FBS Rating
HotForex Rating
OANDA Rating
FIBO Group Rating

UKoptions Rating
First Binary Option Service Rating
OptionBit Rating
GTOptions Rating
OptionFair Rating
365BinaryOption Rating