Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Fibonacci Retracements Analysis 14.03.2016 (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 14.03.2016 (EUR/USD, EUR/GBP)

14.03.2016

Analysis for March 14th, 2016

EUR USD, “Euro vs US Dollar”

The pair’s fast ascending movement was stopped by the group of local retracements at 1.1180. Possibly, the market may resume its decline, at least inside the current flat pattern. In this case, the closest target for bears will be the area between 1.0960 and 1.0930.



The upside target area, from which the price rebounded last week, was confirmed by local retracements as well. One of these days, the pair may start moving downwards to reach the group of lower fibo-levels near the retracement of 61.8%.




EUR GBP, “Euro vs Great Britain Pound”

The pair has rebounded from the group of local fibo-levels, which means that it may resume its decline. During this week, the closest target for bears will be the group of fibo-levels at 0.7610.



At the H1 chart, the pair has rebounded from the local retracement of 161.8% and started falling. The downside target area (0.7610) is confirmed by local retracements. The market may reach its targets in the middle of this week.



 
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.