Fibonacci analysis for EUR/USD and EUR/GBP on 25.02.2016
25.02.2016
Fibonacci analysis on 25 February 2016
EUR USD "Euro dollar"
The main current trend remains bearish, the beginning of which became a retreat from the congestion of the upper fibo-levels. In the short term, after the local correction a further advance of the pair down is possible. The immediate goal appears to be the pricing area near 1.0930, a retreat from which will signal to an upward correction.
On the hourly chart the market corrected. During the day, a retreat from Fibo level of 50% is likely, which would be the signal for the resumption of decline. Lower targets are confirmed by intraday Fibo levels.
EUR GBP "Euro pound"
The Cross resumed its growth. Most likely, in the short term we will see further progress of the price up. In the event of a release of a pair of upper levels (0.7990 - 0.8000) a beginning of a downward correction will be possible.
On the hourly chart a correction is developing. In the event of a release from the local level of 23.6% a resumption of the growth of quotations will be possible. It is very likely that during the day the price will update yesterday's maximum.
EUR USD "Euro dollar"
The main current trend remains bearish, the beginning of which became a retreat from the congestion of the upper fibo-levels. In the short term, after the local correction a further advance of the pair down is possible. The immediate goal appears to be the pricing area near 1.0930, a retreat from which will signal to an upward correction.
On the hourly chart the market corrected. During the day, a retreat from Fibo level of 50% is likely, which would be the signal for the resumption of decline. Lower targets are confirmed by intraday Fibo levels.
EUR GBP "Euro pound"
The Cross resumed its growth. Most likely, in the short term we will see further progress of the price up. In the event of a release of a pair of upper levels (0.7990 - 0.8000) a beginning of a downward correction will be possible.
On the hourly chart a correction is developing. In the event of a release from the local level of 23.6% a resumption of the growth of quotations will be possible. It is very likely that during the day the price will update yesterday's maximum.
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.