Fibonacci Retracements Analysis 19.02.2015 (EUR/USD, AUD/USD)

19.02.2015

Analysis for February 19th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected and trying to rebound from the upper fibo-levels. The closest target for bears is the group of fibo-levels at 1.0940. I’m planning to stop trading after the pair reaches the above-mentioned area.



At the H1 chart, the pair has rebounded from a correctional retracement 61.8% for the third time. The intermediate target is the group of fibo-levels at 1.1180. Possibly, later the pair may start a new short-term correction from the lower levels.




EUR GBP, “Euro vs Great Britain Pound”

After rebounding from a correctional retracement 61.8% and several local levels near it, the price started falling again. The target is still at the group of lower fibo-levels. In the nearest future, the market is expected to continue its descending movement.



As we can see at the H1 chart, yesterday the price completed the current correction at retracement 61.8%. Later, the pair is expected to continue falling towards the predicted target area. I’ve already moved the stop losses on my sell orders close to the previous minimum.



 
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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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