Fibonacci Retracements Analysis 26.05.2017 (EUR/USD, EUR/GBP)

EUR USD "Euro vs. US Dollar"

Eventually, the pair has not managed to hold above the Fibo-levels achieved earlier. This opens the way for a descending correction. The nearest target is the price area near 1.1130. If this is broken through, the pair will probably continue to move lower towards the next group of Fibo-levels.

It is likely that the pair will test a group of Fibo-levels near 1.1130 in a few coming hours. Future prospects of the pair will depend on how the price moves at this correction mark.

EUR GBP "Euro vs British Pound"

The cross has broken through the group of Fibo-levels at 0.8710 - 0.8685. Thus, in the short-run the pair can possibly move further towards the price area near 0.8790 - 0.8770.

The H1-chart shows that the market is trying to hold above the upper edge of the group of Fibo-levels. If the bulls manage to do this, we can see a yet another growth towards the nearest target area (0.8790 - 08770).