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 28.10.2015 (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 28.10.2015 (EUR/USD, EUR/GBP)


Analysis for October 28th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the group of fibo-levels at 1.1000, Eurodollar continues the correction. It’s highly likely that soon the pair may resume falling towards the next target at 1.0930. If later the market rebounds from this target area, it may start a local ascending correction.

At the H1 chart, Eurodollar has reached the correctional retracement of 50% and rebounded from it several times. 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”

The pair is still being corrected. In the nearest future, the market may continue moving downwards. The closest target is the area at 0.7070.

At the H1 chart, the correction continues. The market is trying to rebound from the local retracement of 38.2%. Later, the market may update the minimum and reach the lower targets at 0.7070.

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.


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.