Fibonacci Retracements Analysis 27.04.2017 (EUR/USD, EUR/GBP)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair may test the group of fibo-levels at 1.0955 once again. If later the price rebounds from this area, the pair may start a new bearish correction.
At the H1 chart, the pair may reach a new local high during the day. Later, the price may be corrected towards the closest group of fibo-levels at 1.0835.
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair is being corrected to the downside. In the nearest future, the market may test the retracement of 50%. If the price rebounds from this level, the pair may move upwards to reach the target area at 0.8700.
As we can see at the H1 chart, the pair is moving inside the gap that was formed on Monday. The closest target area is confirmed by local fibo-levels. Consequently, after reaching this area, the market may resume moving upwards.
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