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 18.01.2016 (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 18.01.2016 (EUR/USD, EUR/GBP)

18.01.2016

Analysis for January 18th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from the group of local retracements and started a new descending correction. The closest target for bears is the area at 1.0810 – 1.0790. If the price breaks this area, the market may continue falling much deeper.



As we can see at the H1 chart, the predicted target of the current correction is confirmed by local retracements. It’s highly likely that on Monday the price may reach a new local low.




EUR GBP, “Euro vs Great Britain Pound”

Europound continues its fast ascending movement. The upside target is the area at 0.7770. If the price is able to rebound from local correctional retracements, the market will reach a new high quite soon.



At the H1 chart, the group of local retracements is confirmed by several additional fibo-level. However, if Europound breaks this area and stays below it, the market may start a 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.