Fibonacci Retracements Analysis 27.05.2015 (EUR/USD, EUR/GBP)

27.05.2015

Analysis for May 27th, 2015

EUR USD, “Euro vs US Dollar”

Possibly, Eurodollar continues falling. Probably, the price may try to test retracement 78.6% during the week. If later the pair rebounds from it, the market may start a more serious correction.



As we can see at the H1 chart, the lower targets are confirmed by local retracements. I opened one more sell order during the correction. I’m planning to move stop losses on both of my orders to the previous high as soon as the price breaks yesterday’s low.




EUR GBP, “Euro vs Great Britain Pound”

Europound continues falling, but in the nearest future, it may form a correction. The closest target is still the group of lower fibo-levels at 0.6975. Just as I planned, during the correction I opened one more sell order.



As we can see at the H1 chart, yesterday the price couldn’t reach retracement 38.2%. Probably, in the future the pair may break the current lows and resume falling towards the lower targets, which are confirmed by local retracements.



 
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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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