Fibonacci Retracements Analysis for EUR/USD, and EUR/GBP on 14.09.2016
14.09.2016
Fibonacci Retracements Analysis on September 14, 2016
EUR/USD "Euro vs US Dollar"
There is a consolidation that is going on for Euro-US Dollar pair. The nearest goal is the bunch of fibo-levels near the mark 1.1180. If we saw a bouncing from that price area, then that would be a hint for further upwards correction.
On 1 hour chart we have already seen 3 times bouncing in a row from the mark 38.2%. So that in short term perspective we might see local minimum breakage and the nearest gathering of fibo-levels testing.
EUR/GBP "Euro vs British pound"
As we have supposed earlier there is upwards movement again for this cross pair. It is quite possible that during the day we would see even further price ascending towards fibo-levels at the mark 0.8570.
On 1 hour chart, price demonstrated a bouncing from local correction point at 38.2%, which might be a good basis for a new uptrend iteration. However, if we saw a bouncing from upper levels, then it would be a sign for new downward correction.
EUR/USD "Euro vs US Dollar"
There is a consolidation that is going on for Euro-US Dollar pair. The nearest goal is the bunch of fibo-levels near the mark 1.1180. If we saw a bouncing from that price area, then that would be a hint for further upwards correction.
On 1 hour chart we have already seen 3 times bouncing in a row from the mark 38.2%. So that in short term perspective we might see local minimum breakage and the nearest gathering of fibo-levels testing.
EUR/GBP "Euro vs British pound"
As we have supposed earlier there is upwards movement again for this cross pair. It is quite possible that during the day we would see even further price ascending towards fibo-levels at the mark 0.8570.
On 1 hour chart, price demonstrated a bouncing from local correction point at 38.2%, which might be a good basis for a new uptrend iteration. However, if we saw a bouncing from upper levels, then it would be a sign for new downward correction.
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