Analysis on Fibonacci for EUR/USD and EUR/GBP on 15.07.2016
15.07.2016
Analysis on Fibonacci on July 15, 2016
EUR USD "Euro US Dollar"
After double pullback from corrected mark 50%, Euro-US Dollar tries again to return to descending. If pair fixes below fibo-level 38.2% (1.1105), resuming of movement to lower goals (1.0810) will be possible.
On 1 hour chart, top target area, apparently on which upward correction was completed, was strengthened by local fibo-levels as well. In the short terms market may return to descending.
EUR GBP "Euro to British Pound"
Cross pair is still traded above mark 38.2%. It is quite apparently that soon growth will resume. The nearest goal is the top crowd of fibo-levels in area of 0.8790.
On 1 hour chart, pullback from the top border of crowd of fibo-levels was formed. Confirmation for the pair returning to growth is breakage of local high (0.8467).
After double pullback from corrected mark 50%, Euro-US Dollar tries again to return to descending. If pair fixes below fibo-level 38.2% (1.1105), resuming of movement to lower goals (1.0810) will be possible.
On 1 hour chart, top target area, apparently on which upward correction was completed, was strengthened by local fibo-levels as well. In the short terms market may return to descending.
EUR GBP "Euro to British Pound"
Cross pair is still traded above mark 38.2%. It is quite apparently that soon growth will resume. The nearest goal is the top crowd of fibo-levels in area of 0.8790.
On 1 hour chart, pullback from the top border of crowd of fibo-levels was formed. Confirmation for the pair returning to growth is breakage of local high (0.8467).
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