Fibonacci analysis on 23 December 2015
EUR USD "Euro dollar"![Fibonacci analysis for EUR USD "Euro dollar" 23 December 2015](https://www.roboforex.ru/files/forecasts/december2015/23/Image20151223133100001.png)
The euro is trying to return to a decline. Earlier, the price formed a retreat from the congestion of the upper Fibo levels in the region of 50% (1.1000). The immediate target for the continuation of the correction is the lower price area (1.0730).
![Fibonacci analysis for EUR USD "Euro dollar" 23 December 2015](https://www.roboforex.ru/files/forecasts/december2015/23/Image20151223133100002.png)
The market failed to stay above the 61.8% correctional mark and has traded below this line. The lower the target area on the hourly chart is also amplified by local levels. In the short term a further decline in prices is likely.
EUR GBP "Euro to the British pound"![Fibonacci analysis for EUR GBP "Euro to the British pound" 23 December 2015](https://www.roboforex.ru/files/forecasts/december2015/23/Image20151223133100003.png)
The attempt to gain a foothold above the cluster of Fibo levels (0.7385) was not successful, and the price went into a correction. The immediate goal for the bears appears to be the price area near 0.7290. With the breakdown of this zone the correction may deepen.
![Fibonacci analysis for EUR GBP "Euro to the British pound" 23 December 2015](https://www.roboforex.ru/files/forecasts/december2015/23/Image20151223133100004.png)
On the hourly chart the next lower goal is confirmed by local Fibo levels. During Wednesday a further decline in prices may occur. On the correction I plan to enter into a short-term deal to sell.