Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016
08.03.2016
Fibonacci analysis on March 8, 2016
EUR USD "Euro to US Dollar"
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).
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"
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.
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.
EUR USD "Euro to US Dollar"
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).
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"
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.
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.
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