Fibonacci Retracements Analysis 21.09.2015 (EUR/USD, EUR/GBP)

21.09.2015

Analysis for September 21st, 2015

EUR USD, “Euro vs US Dollar”

Last Friday, Eurodollar rebounded from the correctional retracement of 61.8%, which means that the pair may start another descending movement. The closest target is the group of lower fibo-levels at 1.0640.



At the H1 chart, the predicted target of the current correction was confirmed by local retracements. On Monday, I’m planning to open sell order. The intermediate target is the group of lower fibo-levels at 1.0940.




EUR GBP, “Euro vs Great Britain Pound”

Europound may yet resume falling. Earlier, the price was just several shy to reach the group of upper fibo-levels again. Later, the market may continue falling towards the closest target at 0.7220.



At the H1 chart, after rebounding from the retracement of 78.6%, the pair has started falling. It’s highly likely that on Monday the price will continue moving downwards. If later the pair is able to break the group of lower fibo-levels, the market may continue falling much deeper.



 
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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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