Fibonacci analysis on March 3, 2016
EUR USD "Euro-Dollar"![Fibonacci analysis for EUR USD "Euro-Dollar" on March 3, 2016](https://www.roboforex.ru/files/forecasts/march2016/3/Image20160303132206001.png)
Price has formed the second pullback from the low crowd of fibo-levels (1, 0830) that indicated the beginning of correction. Short-term target is the price area about 1.0920, from which the resuming of declining is possible.
![Fibonacci analysis for EUR USD "Euro-Dollar" on March 3, 2016](https://www.roboforex.ru/files/forecasts/march2016/3/Image20160303132206002.png)
On the 1 hour chart, the top targets is are confirmed by the local fibo-levels, and price had the time to upgrade the yesterday maximum. It is quite likely that price keeps growing during the day.
EUR GBP "Euro to Pound"![Fibonacci analysis for EUR GBP "Euro to Pound" on March 3, 2016](https://www.roboforex.ru/files/forecasts/march2016/3/Image20160303132206003.png)
Correction of the cross pair is kept. It is not excluded that in the short term the declining will keep. The nearest target for Bears is the crowd of fibo-levels about 0.7610.
![Fibonacci analysis for EUR GBP "Euro to Pound" on March 3, 2016](https://www.roboforex.ru/files/forecasts/march2016/3/Image20160303132206004.png)
On the 1 hour chart, the price could test the correction point 50%, pullback from which is the signal to resuming the declining. The lowest price area is confirmed by the local fibo-levels.