Fibonacci analysis for EUR/USD and EUR/GBP for 07.14.2015
14.07.2015
Fibonacci analysis for 14 July 2015
EUR USD "Eurodollar"
The euro resumes its decline. Late last week, the market has formed a series of jumps away from the correctional level of 50%. The bottom cluster of fibo-levels in the range of 1.0640 is still relevant.
On the hourly chart the benchmark for the end of the local correction is the level of 50%. Intermediate target still stands in the cluster of levels near 1.0790.
EUR GBP "Euro to British pound"
The cross supposedly completed an upward correction. The aim for the near future acts as the cluster of fibo-levels in the mark of 0.6870. Earlier, on the probable end of the local correction, I entered into a deal to sell.
On the hourly chart the price has formed a retreat from the local cluster of fibo-levels. It is possible that soon the pair will be able to break the minimum of last week. The intermediate target price stands near the 0.7020 area, formed by several fibo-levels.
RoboForex Analytical Department
EUR USD "Eurodollar"
The euro resumes its decline. Late last week, the market has formed a series of jumps away from the correctional level of 50%. The bottom cluster of fibo-levels in the range of 1.0640 is still relevant.
On the hourly chart the benchmark for the end of the local correction is the level of 50%. Intermediate target still stands in the cluster of levels near 1.0790.
EUR GBP "Euro to British pound"
The cross supposedly completed an upward correction. The aim for the near future acts as the cluster of fibo-levels in the mark of 0.6870. Earlier, on the probable end of the local correction, I entered into a deal to sell.
On the hourly chart the price has formed a retreat from the local cluster of fibo-levels. It is possible that soon the pair will be able to break the minimum of last week. The intermediate target price stands near the 0.7020 area, formed by several fibo-levels.
RoboForex Analytical Department
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.