Fibonacci Retracements Analysis 29.06.2017 (EUR/USD, EUR/GBP)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the group of fibo-levels at 1.1400 – 1.1410, which means that it may start a new bearish correction. The closest target is the area at 1.1335 – 1.1320.

At the H1 chart, the closest target of the current descending correction is the retracement of 38.2% at 1.1315. If later the price rebounds it, the market may resume growing.

EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair rebounded from the group of local fibo-levels and, as a result, started a new correction. In the nearest future, the price may continue moving downwards to reach the target area at 0.8710 – 0.8680.

After falling significantly yesterday, the pair started consolidating. Later, the price may resume moving downwards to reach the closest targets at 0.8710 – 0.8680.

RoboForex Analytical Department