Fibonacci Retracements Analysis 25.06.2015 (EUR/USD, EUR/GBP)


Analysis for June 25th, 2015

EUR USD, “Euro vs US Dollar”

I’m still holding my sell order opened yesterday. Earlier, after rebounding from one of the intermediate levels, Euro tried to resume 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. Probably, the pair may test a correctional retracement 38.2% again during the day. 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”

Europound has started a new local correction. Several days ago, 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 is trying to rebound from retracement 50%. The lower targets are confirmed by local retracements. If later the price rebounds from this area, the market may start an ascending correction.

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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.