Fibonacci Retracements Analysis 28.03.2017 (EUR/USD, EUR/GBP)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating near the group of several local fibo-levels. However, in the nearest future the price may continue moving upwards to reach the area at 1.0935 – 1.0925.
At the H1 chart, the pair rebounded from the local retracement of 38.2%. Consequently, on Tuesday the price may resume growing and break the previous high.
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair once again rebounded from the group of fibo-levels reached earlier. Possibly, later the market may resume its growth towards the retracement of 23.6% at 0.8695.
As we can see at the H1 chart, the retracement of 78.6% provided support. As a result, during the day the market may start a new ascending movement. The closest target for bulls is the group of fibo-levels at 0.8695.
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