Fibonacci Retracements Analysis 30.03.2017 (EUR/USD, EUR/GBP)

EUR USD, “Euro vs US Dollar”

After rebounding from the group of upside fibo-levels, the EUR/USD pair continued falling. On Thursday, the price may continue moving downwards to reach the area at 1.0680.

At the H1 chart, the closest downside targets are confirmed by intraday fibo-levels. During the day, the price may continue falling to reach its target area.

EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair is once again testing the group of fibo-levels, from which it rebounded earlier.  Consequently, if the price rebounds from this area again, the market may resume its growth.

As we can see at the H1 chart, the pair may break the local low soon. To confirm a new growth, the market has to fix above the group of fibo-levels reached earlier.

RoboForex Analytical Department