Fibonacci Retracements Analysis 30.06.2015 (EUR/USD, EUR/GBP)


Analysis for June 30th, 2015

EUR USD, “Euro vs US Dollar”

Yesterday Eurodollar formed a fast ascending correction. However, in the future the price may start falling again. The closest target is still the group of fibo-levels at 1.0660.

As we can see at the H1 chart, yesterday’s gap was completely eliminated. The lower targets are confirmed by local retracements. I’m planning to move the stop loss to breakeven as soon as the market falls below the current levels.

EUR GBP, “Euro vs Great Britain Pound”

Europound has started a fast correction. The target for the next several days is still the group of fibo-levels at 0.7020. After the local correction, I’m planning to open another sell order.

At the H1 chart, the price is being corrected. The lower targets are confirmed by local retracements. If later the price rebounds from this area, the market may start an ascending correction.

RoboForex Analytical Department


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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