Fibonacci analysis for EUR/USD and EUR/GBP on March 1, 2016
01.03.2016
Fibonacci analysis for March 1, 2016
EUR USD "Euro Dollar"
EUR\USD decline is slowing down and price may be corrected soon. Perhaps, during the day there will be more declining toward the target area (1,0830), pullback from which is a signal of up toward the 1,0920.
On the hourly chart, local correction finished at the 23,6% point. Lower gains are supported by local fibo-levels, pullback from which is a signal of correction to up, that may happen just during the Tuesday.
EUR GBP "Euro to British Pound"
Pair correction is continuing. Price tries to pullback from fibo-level 61, 8% and moving average line. Soon it is the possibility of renewed growth to the upper levels (0.7990 - 0.8000), from which possible larger correction is possible.
Correction is developing on the hourly chart. Price tries to pullback from local fibo-level 61,8%. It is very likely that during the day the price will resume its growth in the direction of the last week maximum.
EUR USD "Euro Dollar"
EUR\USD decline is slowing down and price may be corrected soon. Perhaps, during the day there will be more declining toward the target area (1,0830), pullback from which is a signal of up toward the 1,0920.
On the hourly chart, local correction finished at the 23,6% point. Lower gains are supported by local fibo-levels, pullback from which is a signal of correction to up, that may happen just during the Tuesday.
EUR GBP "Euro to British Pound"
Pair correction is continuing. Price tries to pullback from fibo-level 61, 8% and moving average line. Soon it is the possibility of renewed growth to the upper levels (0.7990 - 0.8000), from which possible larger correction is possible.
Correction is developing on the hourly chart. Price tries to pullback from local fibo-level 61,8%. It is very likely that during the day the price will resume its growth in the direction of the last week maximum.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.