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 23.10.2015 (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 23.10.2015 (EUR/USD, EUR/GBP)

23.10.2015

Analysis for October 23rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has started a fast decline. The closest target is still the group of fibo-levels at 1.10. If the pair rebounds from this target area, it may start a local ascending correction.



As we can see at the H1 chart, the pullback upwards wasn’t too long – the market hasn’t reached the retracement of 23.6%. It’s highly likely that the price may reach a new low during the day. If the pair rebounds from the lower levels, I’m planning to close my orders.




EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of upper fibo-levels, Europound has resumed falling. In the nearest future, the market may continue moving downwards. The closest target is the area at 0.7065.



As we can see at the H1 chart, the lower target area is confirmed by local retracements. The local correction has reached the retracement of 23.6%. The market may reach new lows during Friday.



 
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.