Fibonacci Retracements Analysis for EUR/USD, and EUR/GBP on 15.09.2016
15.09.2016
Fibonacci Retracements Analysis on September 15, 2016
EUR/USD "Euro vs US Dollar"
Euro-US Dollar gets stuck in the flat. It is quite possible that in the short term perspective market would try to move towards the bunch of fibo-levels near the area at 1.1180. If there was a bouncing from that point, then the price would be able to continue consolidation. Otherwise, if the nearest target area was broken, there would be a chance for further downwards movement for the pair.
On 1 hour chart yesterday we saw bouncing from the correction mark 50%. In the short term perspective there is a good chance for further price descending towards price area (1.1180), which is being strengthened by daily fibo-levels.
EUR/GBP "Euro vs British Pound"
Pair cross is sent to correction. It is quite possible that we would see a test of the mark 38.2%. If there was a bouncing from that fibo-level, then we would have a good chance for positive dynamic towards upper goals (0.8570).
Yesterday we have seen on 1 hour chart price bouncing from several local fibo-levels, which led to the start of a correction. It should be noticed, if bears were able to break the mark 38.2%, then there would be a possibility that downwards correction goes deeper.
EUR/USD "Euro vs US Dollar"
Euro-US Dollar gets stuck in the flat. It is quite possible that in the short term perspective market would try to move towards the bunch of fibo-levels near the area at 1.1180. If there was a bouncing from that point, then the price would be able to continue consolidation. Otherwise, if the nearest target area was broken, there would be a chance for further downwards movement for the pair.
On 1 hour chart yesterday we saw bouncing from the correction mark 50%. In the short term perspective there is a good chance for further price descending towards price area (1.1180), which is being strengthened by daily fibo-levels.
EUR/GBP "Euro vs British Pound"
Pair cross is sent to correction. It is quite possible that we would see a test of the mark 38.2%. If there was a bouncing from that fibo-level, then we would have a good chance for positive dynamic towards upper goals (0.8570).
Yesterday we have seen on 1 hour chart price bouncing from several local fibo-levels, which led to the start of a correction. It should be noticed, if bears were able to break the mark 38.2%, then there would be a possibility that downwards correction goes deeper.
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.