Fibonacci Retracements Analysis 26.06.2015 (EUR/USD, EUR/GBP)


Analysis for June 26th, 2015

EUR USD, “Euro vs US Dollar”

I’m still holding my sell order. Several days ago, 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 price is still consolidating. Probably, the pair may test a correctional retracement 38.2% again during the day. Later the market may resume falling towards the group of 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 has rebounded 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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