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 for EUR/USD, and EUR/GBP on 15.09.2016
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 for EUR/USD, and EUR/GBP on 15.09.2016

15.09.2016
Fibonacci Retracements Analysis on September 15, 2016

EUR/USD "Euro vs US Dollar"


Fibonacci Retracements Analysis for EUR/USD on 15.09.2016

Euro-US Dollar gets stuck in the flat. It is quite possible that in the short term perspective market would try to move towards the bunch of fibo-levels near the area at 1.1180. If there was a bouncing from that point, then the price would be able to continue consolidation. Otherwise, if the nearest target area was broken, there would be a chance for further downwards movement for the pair.

Fibonacci Retracements Analysis for EUR/USD on 15.09.2016

On 1 hour chart yesterday we saw bouncing from the correction mark 50%. In the short term perspective there is a good chance for further price descending towards price area (1.1180), which is being strengthened by daily fibo-levels.

EUR/GBP "Euro vs British Pound"

Fibonacci Retracements Analysis for EUR/GBP on 15.09.2016

Pair cross is sent to correction. It is quite possible that we would see a test of the mark 38.2%. If there was a bouncing from that fibo-level, then we would have a good chance for positive dynamic towards upper goals (0.8570).

Fibonacci Retracements Analysis for EUR/GBP on 15.09.2016

Yesterday we have seen on 1 hour chart price bouncing from several local fibo-levels, which led to the start of a correction. It should be noticed, if bears were able to break the mark 38.2%, then there would be a possibility that downwards correction goes deeper.

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.