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 30.08.2016 (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 30.08.2016 (EUR/USD, EUR/GBP)


Analysis for August 30th, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the correctional retracement of 78.6% several times, the EUR/USD pair continues moving downwards. The closest target is the group of fibo-levels at 1.1100. If later the price rebounds from this area, the market may start an ascending correction.

At the H1 chart, the closest targets are confirmed by local fibo-levels as well. However, if the price breaks this area easily, the market will continue falling much faster.

EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair has also resumed falling. It looks like the price is moving to test the correctional retracement of 78.6%. The market will successfully reach this level, if it is able to stay below the retracement of 50%.

At the H1 chart, earlier the pair rebounded from the retracement of 38.2% and started moving downwards. As a result, in the nearest future the market may break the local low and reach the group of downside fibo-levels.

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.