Fibonacci analysis for EUR/USD and EUR/GBP on 26.02.2016

26.02.2016
Fibonacci analysis on 26 February 2016

EUR USD "Euro dollar"


Fibonacci analysis for on EUR USD "Euro dollar" 26 February 2016

A retreat from the congestion of the upper fibo-levels has served as the beginning of a decline. In the short term, the pair may further advance down and sample the local minimum. The immediate target appears to be the pricing area in the vicinity of 1.0930, a retreat from which will signal to an upward correction.



Fibonacci analysis for on EUR USD "Euro dollar" 26 February 2016

On the hourly chart, the correction finished with a rebound from the Fibo level of 61.8%. During Friday a further advance of the price down is likely. Lower targets are confirmed by intraday Fibo levels, which increases their value.



EUR GBP "Euro pound"

Fibonacci analysis for on EUR GBP "Euro pound" 26 February 2016

On the hourly chart, the correction finished with a rebound from the Fibo level of 61.8%. During Friday a further advance of the price down is likely. Lower targets are confirmed by intraday Fibo levels, which increases their value.



Fibonacci analysis for on EUR GBP "Euro pound" 26 February 2016

On the hourly chart a correction is developing. The price is trying to form a retreat from the local Fibo level of 50%. It is very likely that during the day the price will resume its growth in the direction of yesterday's high.
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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