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 11.01.2016 (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 11.01.2016 (EUR/USD, EUR/GBP)


Analysis for January 11th, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the retracement of 61.8%, Eurodollar has started a fast growth. During the week, the pair may continue its ascending movement towards the group of upper fibo-levels at 1.1110 – 1.1090. Consequently, soon the market may break the December’s high.

At the H1 chart, the intraday correction is taking place. If later the pair rebounds from the group of local retracements, it may start a new ascending movement. The closest target is the area at 1.1010.

EUR GBP, “Euro vs Great Britain Pound”

Europound has reached the group of fibo-levels at 0.7530. It looks like in the nearest future, after completing the local correction, the price will continue moving towards the next group of fibo-levels at 0.7610.

At the H1 chart, the current correction may be supported by the retracement of 61.8% (0.7470). If the price rebounds from this level, it may resume moving upwards. If later the market rebounds from the upside target area, the pair may start a descending correction.

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.


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.