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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016
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Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016

08.03.2016
Fibonacci analysis on March 8, 2016

EUR USD "Euro to US Dollar"


Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016

Euro-US Dollar pair has formed one more pullback from the crowd of fibo-levels in the area 1.1030. Subsequently, the continuation of downward correction is possible. But later market can resume the growth and went toward the top levels (1.1095).



Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016

On the 1 hour chart, the goal for the correction completion is the local fibo-level 50%. If price fixes pullback from that level that will be the first step to resume the growth and further breakage of past week maximum.



EUR GBP "Euro to British Pound"

Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016

Cross pair correction is continuing. It is not excluded that later that will be further sliding. The nearest goal for Bears is crowd of fibo-levels in the area 0.7610.



Fibonacci analysis for EUR/USD and EUR/GBP on March 8, 2016

On the 1 hour chart, the price can try to test one more time the correction mark 61.8%, pullback from which will be a signal to resuming of sliding. The lowest price area is confirmed by the local fibo-llevels.

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