Fibonacci Retracements Analysis 15.01.2015 (EUR/USD, EUR/JPY)
15.01.2015
Analysis for January 15th, 2015
EUR USD, “Euro vs US Dollar”
The market is moving downwards. The closest target is still the group of lower fibo-levels at 1.1485. If later Eurodollar rebounds from this area, the pair may start a new correction.
At the H1 chart, the lower predicted targets are confirmed by local retracements. The price is still moving close to its lows, thus allowing me to hold my sell orders, but I’m not planning to open new ones.
EUR JPY, “Euro vs Japanese Yen”
The pair continues falling towards its target. It looks like the predicted targets may be reached in the nearest future and after that the pair may start an ascending correction.
At the H1 chart, the targets are confirmed by local retracements. I’m holding one sell order with the stop loss in breakeven. In the nearest future, the price may reach a new low.
RoboForex Analytical Department
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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.