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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Fibonacci Retracements Analysis 30.09.2015 (EUR/USD, EUR/GBP)
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Fibonacci Retracements Analysis 30.09.2015 (EUR/USD, EUR/GBP)

30.09.2015

Analysis for September 30th, 2015

EUR USD, “Euro vs US Dollar”

The pair is still consolidating. Earlier, Eurodollar rebounded from the correctional retracement of 61.8% and resumed falling. The main target is still the group of lower fibo-levels at 1.0640.



At the H1 chart, Eurodollar has rebounded from the retracement of 50%. The short-term target for bears is still the group of local retracements at 1.0940.




EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of lower fibo-levels, Europound continues growing. It’s highly likely that later the pair may reach new highs and soon after that – the closest upside target at 0.7500.



As we can see at the H1 chart, the pair is trying to rebound the local retracement of 50%. The upper target area is confirmed by local retracements. In the future, the market may reach its targets and then start another descending correction.



 
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