Fibonacci Retracements Analysis 15.09.2015 (EUR/USD, EUR/GBP)


Analysis for September 15th, 2015

EUR USD, “Euro vs US Dollar”

In case of Eurodollar, the flat continues. If later the pair is able to stay below the retracement of 38.2%, the market may start falling towards the group of lower fibo-levels at 1.0630.

At the H1 chart, the predicted target of the current correction< which is at the retracement of 38.2%, 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”

Europound is still consolidating. In the nearest future, the pair may test the group of upper fibo-levels again. If the market rebounds from them, it may fall towards the closest downside target at 0.7220.

At the H1 chart, the price may try to reach the retracement of 78.6%. If the pair rebounds from this level, it may, at least, start a short-term decline. In this case, I’m planning to open a sell order.

RoboForex Analytical Department


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.