Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Fibonacci Retracements Analysis 28.09.2016 (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 28.09.2016 (EUR/USD, EUR/GBP)

28.09.2016

Analysis for September 28th, 2016

EUR USD, “Euro vs US Dollar”

After failing to fix above the correctional retracement of 61.8%, the EUR/USD pair is trying to resume moving downwards. The closest target is the group of fibo-levels at 1.1170. If the price breaks this area, the market will continue falling towards 1.1075.



At the H1 chart, the closest target of the correction is the retracement of 38.2% at 1.1225. If later the pair rebounds from this level, the market may resume its decline towards the closest target area at 1.1170.




EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair is still moving upwards. Earlier, the price rebounded from the correctional retracement of 78.6% and started the current growth. The closest target is the group of fibo-levels at 0.9090 – 0.9030.



At the H1 chart, the pair is testing the correctional retracement of 61.8%. If the price rebounds from this level, it may resume moving upwards. The intraday target is the group of fibo-levels at 0.8870.



 
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.