Fibonacci analysis on 24 February 2016
EUR USD "Euro dollar"
![Fibonacci analysis of EUR USD "Euro dollar" on 24 February 2016](https://www.roboforex.ru/files/forecasts/feb2016/24/Image20160224124129001.png)
The Euro Dollar continues to decline, the beginning of which was the rebound from the congestion of the upper fibo-levels. In the short term, the pair may decline further. The immediate target appears to be the pricing area in the vicinity of 1.0930, a retreat from which will signal to an upward correction.
![Fibonacci analysis of EUR USD "Euro dollar" on 24 February 2016](https://www.roboforex.ru/files/forecasts/feb2016/24/Image20160224124129002.png)
On the hourly chart, after a rebound from the correctional level of 38.2% there was a breakdown of the local minimum. Lower targets are confirmed by intraday Fibo levels. During the day, a further decline of the currency pair is possible.
EUR GBP "Euro to British pound"![Fibonacci analysis of EUR GBP "Euro to British pound" on 24 February 2016](https://www.roboforex.ru/files/forecasts/feb2016/24/Image20160224124129003.png)
Presumably, the cross is heading to retest the upper cluster of Fibo levels. If it is followed by a break down, the resumption of decline of the currency pair towards lower targets (0.7670) will be possible.
![Fibonacci analysis of EUR GBP "Euro to British pound" on 24 February 2016](https://www.roboforex.ru/files/forecasts/feb2016/24/Image20160224124129004.png)
On the hourly chart, the price is trading near a local maximum. Subsequently, with the rebound from this mark down, the beginning of a new round of decline of the cross towards lower targets is possible.