Fibonacci Retracements Analysis 28.04.2017 (EUR/USD, EUR/GBP)

28.04.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is testing the group of fibo-levels at 1.0950 once again. If the price rebounds from this area for the second time, the market may start a new descending correction.

As we can see at the H1 chart, the upside target area reached by the pair is confirmed by intraday fibo-levels. The closest target for bears is the group of fibo-levels at 1.0835.

 

EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair rebounded from the upside border of the group of fibo-levels reached earlier. As a result, in the nearest future the market may start a new growth towards the target area at 0.8700.

At the H1 chart, the pair rebounded from the correctional retracement of 50% and several local fibo-levels. Consequently, during the next several days the market may resume moving upwards and break the previous high.

 

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