Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Fibonacci Retracements Analysis 01.12.2015 (EUR/USD, EUR/GBP)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Fibonacci Retracements Analysis 01.12.2015 (EUR/USD, EUR/GBP)

01.12.2015

Analysis for December 1st, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is being corrected. Possibly, in the nearest future the price may test the retracement of 38.2%. If the market rebounds from it, Eurodollar may resume its decline towards the group of lower fibo-levels at 1.0450.



As we can see at the H1 chart, the target of the current correction is the retracement of 61.8%, which is confirmed by local levels. If the price rebounds from this area, the market may resume its descending movement.




EUR GBP, “Euro vs Great Britain Pound”

Considering that Europound has rebounded from the retracement of 38.2% twice, the downtrend is expected to resume. The closest target is still the group of lower fibo-levels at 0.6875.



As we can see at the H1 chart, Europound has rebounded from the retracement of 61.8% several times during the local correction. Later the market may continue falling towards the group of fibo-levels at 0.6945. It’s highly likely that on Tuesday the pair may reach a new low.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

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.