Fibonacci analysis on March 8, 2016
EUR USD "Euro to US Dollar"![Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016](https://www.roboforex.ru/files/forecasts/march2016/8/Image20160308145229001.png)
Euro-US Dollar pair has formed one more pullback from the crowd of fibo-levels in the area 1.1030. Subsequently, the continuation of downward correction is possible. But later market can resume the growth and went toward the top levels (1.1095).
![Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016](https://www.roboforex.ru/files/forecasts/march2016/8/Image20160308145229002.png)
On the 1 hour chart, the goal for the correction completion is the local fibo-level 50%. If price fixes pullback from that level that will be the first step to resume the growth and further breakage of past week maximum.
EUR GBP "Euro to British Pound"![Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016](https://www.roboforex.ru/files/forecasts/march2016/8/Image20160308145229003.png)
Cross pair correction is continuing. It is not excluded that later that will be further sliding. The nearest goal for Bears is crowd of fibo-levels in the area 0.7610.
![Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016](https://www.roboforex.ru/files/forecasts/march2016/8/Image20160308145229004.png)
On the 1 hour chart, the price can try to test one more time the correction mark 61.8%, pullback from which will be a signal to resuming of sliding. The lowest price area is confirmed by the local fibo-llevels.