Analysis on Fibonacci on July 21, 2016
EUR USD "Euro to US Dollar"
Euro to US Dollar after pullback from correction mark 50% keeps to descend. Soon completion of local correction is possible that may lead to resuming of the pair descending towards lower targets (1.0810).
On 1 hour chart, double pullback was formed from local correction mark 61.8%. And soon resuming of the price descending is possible towards lower targets that are confirmed by intra-daily fibo-levels.EUR GBP "Euro to British Pound"
Apparently, cross pair soon will continue downward correction because price could not fix above 23.6%. Possible bearish target is fobo-level 50% (0.8110).
On 1 hour chart, double pullback was formed from local correction mark 78.6% that pointed on possibility of resuming of reducing of quotation. So soon breakage of last week low is possible.