Analysis for Fibonacci on July 14, 2016
EUR USD "Euro to US Dollar"
Euro to US Dollar tests correction mark 50%, from which earlier pullback was formed. If this time the pair can pullback from that level, resuming of the pair descending could beуxpected.
On 1 hour chart, supposed area of correction completion is confirmed by intra-daily fibo-levels. Earlier, price formed pullback from local mark 61.8% that result in current quotation growth. It is not excluded that during Thursday pullback from the top goals will be formed.EUR GBP "Euro to British Pound"
For cross pair, only several points are wanted to be on mark 38.2% It is not excluded that from that level resuming of the pair growth will come. The nearest goal is still crowd of fibo-levels in area of 0.8790.
On 1hour chart, pullback from the top border of the crowd of fibo-levels was formed. Breakage of local high (0.8467) will confirm pair returns to growth.