Fibonacci analysis of EUR/USD and EUR/GBP for 15.07.2015
15.07.2015
Fibonacci analysis for 15 July 2015
EUR USD "Eurodollar"
The euro resumes its decline. In the end of last week the market formed a series of jumps away from the correctional mark of 50%. After the end of the local correction a break through the minimum is possible. The lower cluster of fibo-levels in the 1.0640 region remains relevant.
On the hourly chart the benchmark for the end of the local correction is the level of 50%, which can be tested by the price very soon. Intermediate target still stands congestion levels near 1.0790.
EUR GBP "Euro to British pound"
Cross steadily progresses down. Earlier, the price formed a retreat from the correctional level of 50%. The aim for the near future acts as the congestion 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 played off an intermediate accumulation of fibo-levels and now, after the local correction may be reduced to the basic objectives. Subsequently, I plan to increase the volume of short positions.
RoboForex Analytical Department
EUR USD "Eurodollar"
The euro resumes its decline. In the end of last week the market formed a series of jumps away from the correctional mark of 50%. After the end of the local correction a break through the minimum is possible. The lower cluster of fibo-levels in the 1.0640 region remains relevant.
On the hourly chart the benchmark for the end of the local correction is the level of 50%, which can be tested by the price very soon. Intermediate target still stands congestion levels near 1.0790.
EUR GBP "Euro to British pound"
Cross steadily progresses down. Earlier, the price formed a retreat from the correctional level of 50%. The aim for the near future acts as the congestion 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 played off an intermediate accumulation of fibo-levels and now, after the local correction may be reduced to the basic objectives. Subsequently, I plan to increase the volume of short positions.
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.