Fibonacci Retracements Analysis 03.04.2017 (EUR/USD, EUR/GBP)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues moving downwards. In the future, the price may test the closest group of fibo-levels at 1.0610. If the price rebounds from this area, the market may start a new ascending correction.
At the H1 chart, the closest targets are confirmed by local fibo-levels. Possibly, the price may test this target rea during the day.
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair rebounded from the group of fibo-levels, which means that it may resume moving upwards. The closest target for bulls is the area at 0.8590.
At the H1 chart, the main target is the correctional retracement of 38.2%. If later the pair breaks this level, the market may continue moving upwards to reach the next bullish targets.
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