Analysis of Fibonacci for EUR/USD and EUR/GBP on 13.07.2016
13.07.2016
Analysis of Fibonacci on 13.07.2016
EUR USD "Euro US Dollar"
Consolidation on Euro-US Dollar is continued. Earlier pullback from fibo-level 50% was formed that pointed on possibility of resuming of declining. Lower crowd of fibo-levels in area of 1.0810 is still actual.
On 1 hour chart, recently pullback from correction mark 61.8% was formed. So, in the short terms, beginning of new descended coil towards lower goals is possible.
EUR GBP "Euro to British Pound"
After consolidation on reached crowd of fido-levels cross pair went to correction. It is quite apparently that soon bears will test level 38.2% If pullback is formed from that level, resuming of growth will be possible.
On 1 hour chart, mark 38.2% is confirmed by local fibo-levels. Apparently, we will see formation of new minimum. Along with that, if price breaks level 38.2%, descending can be faster.
EUR USD "Euro US Dollar"
Consolidation on Euro-US Dollar is continued. Earlier pullback from fibo-level 50% was formed that pointed on possibility of resuming of declining. Lower crowd of fibo-levels in area of 1.0810 is still actual.
On 1 hour chart, recently pullback from correction mark 61.8% was formed. So, in the short terms, beginning of new descended coil towards lower goals is possible.
EUR GBP "Euro to British Pound"
After consolidation on reached crowd of fido-levels cross pair went to correction. It is quite apparently that soon bears will test level 38.2% If pullback is formed from that level, resuming of growth will be possible.
On 1 hour chart, mark 38.2% is confirmed by local fibo-levels. Apparently, we will see formation of new minimum. Along with that, if price breaks level 38.2%, descending can be faster.
Attention!
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.