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 15.08.2016 (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 15.08.2016 (EUR/USD, EUR/GBP)

15.08.2016

Analysis for August 15th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair hasn’t been able to stay above the correctional retracement of 78.6% and rebounded from it. Possibly, in the nearest future the market may resume falling. The main target for bears is still the group of downside retracements at 1.0810.



As we can see at the H1 chart, the local correction is taking place with the target at the retracement of 50%. If the price rebounds from this level, it may break the previous low. The intraday target is the group of fibo-levels at 1.1070.




EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair is still moving upwards after updating the month’s high at the end of the last week. It looks like in the nearest future the market may continue growing. The closest target is the group of retracements at 0.8860 – 0.8880.



As we can see at the H1 chart, the target is the group of local retracements at 0.8725. If later the price rebounds from this area, the market may start a short-term 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.

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.