Analysis on Fibonacci on July 18, 2016
EUR USD "Euro to US Dollar"
After repeated pullback from mark 50%, Euro-US Dollar tries to return to descending. The nearest target is still lower crowd of fibo-levels in area of 1.0810. If further there are pullback from it, beginning of upward correction will be possible.
On 1 hour chart there were pullback from local correction mark 38.2%. So, during Monday, resuming of Euro-US Dollar descending and breakage of Friday's minimum are possible.EUR GBP "Euro to British Pound"
Cross pair did not fix above mark 23.6% that opens the way for continuation of downward correction. The nearest orienting point for its completion is fibo-level 50% (0.8110).
On 1 hour chart, price found resistance on inner-daily correction mark 78.6%. Lower crowd of fibo-levels is confirmed by local fibo-levels but allof them are above the main target on line 50%. And completion of the correction may not reach slightly 50% forming pullback from one of local fibo-levels.