Fibonacci Retracements Analysis 14.09.2015 (EUR/USD, EUR/GBP)


Analysis for September 14th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected. If later the pair rebounds from the retracement of 50%, the market may start falling towards the group of lower fibo-levels at 1.0630. On the other hand, if this retracement is broken, the current ascending correction may continue.

At the H1 chart, the predicted target of the current ascending movement is confirmed by local retracements. I’m holding one sell order. If later the price is able to stay below the retracement of 23.6%, I’m planning to open another sell order.

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of upper fibo-levels several times, Europound has started consolidating. In the nearest future, the pair may fall towards the closest downside target at 0.7220. If later the price breaks this level, the market may fall much deeper.

At the H1 chart, the price hasn’t been able to reach the correctional retracement of 78.6%. The closest downside target is confirmed by local retracements. In the nearest future, the pair may resume moving downwards.

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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.