Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the group of fibo-levels at 1.1230 – 1.1210 again. As a result, later the price may test the area at 1.1140 – 1.1130, if the pair breaks these levels, the market may continue falling towards the area at 1.1020 – 1.0980.
At the H1 chart, the pair may continue the local correction towards the retracement of 61.8% during the day. If the price rebounds from this level, the market may start resume falling to reach the previous low.
EUR GBP, “Euro vs Great Britain Pound”
Yesterday, the EUR/GBP pair broke the local high. As a result, in the nearest future the market may continue growing and test the group of fibo-levels at 0.8900 – 0.8880. If later the price rebounds from this area, the pair may start a new correction.
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As we can see at the H1 chart, the upside targets are confirmed by intraday fibo-levels. Consequently, on Tuesday the pair may break the previous high and reach its bullish targets.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
