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 14.10.2015 (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 14.10.2015 (EUR/USD, EUR/GBP)


Analysis for October 14th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving close to the retracement of 50% and other levels near it. Possibly, in the nearest future the pair may test the group of upper fibo-levels. If it rebounds from this area, the market start a short-term correction, at least.

At the H1 chart, we can see the first downside target – the group of fibo-levels at 1.1320. However, there is a risk that the current ascending correction may yet continue, that’s why I’m staying out of the market so far and holding just a pending sell order.

EUR GBP, “Euro vs Great Britain Pound”

Europound has rebounded from one of the groups of fibo-levels, which means that the market may resume its decline. The closest target is the local area at 0.7275.

As we can see at the H1 chart, the upper target area, from which the pair rebounded yesterday, is confirmed by local retracements. It’s highly likely that in the nearest future the price may continue falling. I’m holding one sell order with the stop at the local high.

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.