Fibonacci Retracements Analysis on September 15, 2016
EUR/USD "Euro vs US Dollar"
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.
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"
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).
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.