Fibonacci Retracements Analysis 22.06.2017 (EUR/USD, EUR/GBP)

22.06.2017

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair rebounded from the group of fibo-levels at 1.1140 – 1.1130. However, if later the price breaks this area, the market may resume falling. The closest target is at 1.1015.

At the H1 chart, the pair rebounded from the closest group of fibo-levels. In the nearest future, the price may continue its descending movement. To confirm this scenario, the market has to fix below the previous low. The closest target is the group of fibo-levels at 1.1015 – 1.0990.

 

EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair failed to fix below the group of fibo-levels at 0.8795 – 0.8770 and, as a result, resumed its growth. Consequently, in the nearest future the price may continue moving upwards to reach the upside target area at 0.8965 – 0.8940.

As we can see at the H1 chart, the pair is trading close to the high and may break it quite soon. The upside targets at 0.8965 – 0.8940 are confirmed by local fibo-levels.

 

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