Fibonacci Retracements Analysis 27.11.2015 (EUR/USD, EUR/GBP)

27.11.2015

Analysis for November 27th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the retracement of 61.8%, Eurodollar has resumed its decline. The main target is still the group of lower fibo-levels at 1.0450. Possibly, the price may break the local low during the day.



At the H1 chart, yesterday the price rebounded from the retracements of 61.8%. After completing the intraday correction, the pair may resume falling towards downside targets. After reaching them, the market may start a short-term ascending correction.




EUR GBP, “Euro vs Great Britain Pound”

Europound has rebounded from the retracement of 38.2% twice, which means that it may start a new descending movement. It looks like in the nearest future the market may continue its decline towards the group of lower fibo-levels at 0.6875.



At the H1 chart, Europound has rebounded from the retracement of 61.8% during the local correction. It’s highly likely that on Friday the pair may reach a new low. Later the market may continue falling towards the local group of fibo-levels at 0.6945. After reaching them, the price may start a short-term ascending correction.



 
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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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