Fibonacci Retracements Analysis 27.03.2017 (EUR/USD, EUR/GBP)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair reached the group of local fibo-levels and right now is trading above the Friday’s high. However, in the nearest future the price may continue moving upwards to reach the area at 1.0935 – 1.0925.

At the H1 chart, the local correction may take place with the target at the retracement of 38.2%. If later the price rebounds from this level, the market may resume growing and break the previous high.

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of fibo-levels reached earlier, the EUR/GBP pair tried to resume moving upwards. Possibly, later the market may resume its growth towards the retracement of 23.6% at 0.8695.

As we can see at the H1 chart, the target of the current correction is the retracement of 78.6%. After reaching this level, the market may start a new ascending movement. The closest target for bull is the group of fibo-levels at 0.8695.

RoboForex Analytical Department