Fibonacci Retracements Analysis 27.06.2017 (EUR/USD, EUR/GBP)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the group of fibo-levels at 1.1140 – 1.1130 again and, as a result, resumed moving upwards. In the nearest future, the market may continue growing towards the area at 1.1360 – 1.1320.

At the H1 chart, the upside targets are confirmed by intraday fibo-levels. Later, the pair may start a new local correction, which may be followed a new growth and new local highs.

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. If the price rebounds from the correctional retracement of 61.8%, the market may start a new ascending movement.

RoboForex Analytical Department