Fibonacci Retracements Analysis 24.06.2015 (EUR/USD, EUR/GBP)


Analysis for June 24th, 2015

EUR USD, “Euro vs US Dollar”

Just as I planned, during the local correction I opened a sell order. Earlier, after rebounding from one of the intermediate levels, Euro resumed falling. The closest target is the group of fibo-levels at 1.0660.

As we can see at the H1 chart, the local correction is taking place. The pair is attempting to rebound from retracement 38.2%. The target is the group of lower fibo-levels at 1.0950. After reaching it, the market may start an intraday correction.

EUR GBP, “Euro vs Great Britain Pound”

After consolidating for a long time, Europound has resumed falling. During the correction, I opened a short-term sell order. The target for the next several days is still the group of fibo-levels at 0.7020.

At the H1 chart, the price has rebounded from retracement 61.8%. The lower targets are confirmed by local retracements. If later the price rebounds from this area, the market may start a new correction.

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