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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Analysis on Fibonacci for EUR/USD and EUR/GBP on 15.07.2016
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Analysis on Fibonacci for EUR/USD and EUR/GBP on 15.07.2016

15.07.2016
Analysis on Fibonacci on July 15, 2016
 
EUR USD "Euro US Dollar"

Analysis on Fibonacci for EUR USD "Euro US Dollar" on July 15, 2016

After double pullback from corrected mark 50%, Euro-US Dollar tries again to return to descending. If pair fixes below fibo-level 38.2% (1.1105), resuming of movement to lower goals (1.0810) will be possible.



Analysis on Fibonacci for EUR USD "Euro US Dollar" on July 15, 2016

On 1 hour chart, top target area, apparently on which upward correction was completed, was strengthened by local fibo-levels as well. In the short terms market may return to descending.



EUR GBP "Euro to British Pound"

Analysis on Fibonacci for EUR GBP "Euro to British Pound" on July 15, 2016

Cross pair is still traded above mark 38.2%. It is quite apparently that soon growth will resume. The nearest goal is the top crowd of fibo-levels in area of 0.8790.



Analysis on Fibonacci for EUR GBP "Euro to British Pound" on July 15, 2016

On 1 hour chart, pullback from the top border of crowd of fibo-levels was formed. Confirmation for the pair returning to growth is breakage of local high (0.8467).

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