Fibonacci Retracements Analysis for EUR/USD, and EUR/GBP on 14.09.2016

14.09.2016
Fibonacci Retracements Analysis on September 14, 2016

EUR/USD "Euro vs US Dollar"


Fibonacci Retracements Analysis for EUR/USD on 14.09.2016

There is a consolidation that is going on for Euro-US Dollar pair. The nearest goal is the bunch of fibo-levels near the mark 1.1180. If we saw a bouncing from that price area, then that would be a hint for further upwards correction.

Fibonacci Retracements Analysis for EUR/USD on 14.09.2016

On 1 hour chart we have already seen 3 times bouncing in a row from the mark 38.2%. So that in short term perspective we might see local minimum breakage and the nearest gathering of fibo-levels testing.

EUR/GBP "Euro vs British pound"

Fibonacci Retracements Analysis for EUR/GBP on 14.09.2016

As we have supposed earlier there is upwards movement again for this cross pair. It is quite possible that during the day we would see even further price ascending towards fibo-levels at the mark 0.8570.

Fibonacci Retracements Analysis for EUR/GBP on 14.09.2016

On 1 hour chart, price demonstrated a bouncing from local correction point at 38.2%, which might be a good basis for a new uptrend iteration. However, if we saw a bouncing from upper levels, then it would be a sign for new downward correction.
Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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