Fibonacci Retracements Analysis 30.09.2015 (EUR/USD, EUR/GBP)


Analysis for September 30th, 2015

EUR USD, “Euro vs US Dollar”

The pair is still consolidating. Earlier, Eurodollar rebounded from the correctional retracement of 61.8% and resumed falling. The main target is still the group of lower fibo-levels at 1.0640.

At the H1 chart, Eurodollar has rebounded from the retracement of 50%. The short-term target for bears is still the group of local retracements at 1.0940.

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of lower fibo-levels, Europound continues growing. It’s highly likely that later the pair may reach new highs and soon after that – the closest upside target at 0.7500.

As we can see at the H1 chart, the pair is trying to rebound the local retracement of 50%. The upper target area is confirmed by local retracements. In the future, the market may reach its targets and then start another descending 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.