RoboForex - Analytics

RoboForex

986.75 5.25/10
76% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 10.11.2015 (EUR/USD, EUR/GBP)

Analysis for November 10th, 2015

EUR USD, “Euro vs US Dollar”

It looks like Eurodollar is about to finish its local correction. In the nearest future, the pair may resume its decline towards the group of lower fibo-levels at 1.0610. If later the price rebounds from this area, it may start a new correction.



As we can see at the H1 chart, the price has rebounded from the correctional retracement of 38.2% twice. Possibly, on Tuesday the pair may break the last week’s low. The lower targets are confirmed by local retracements.




EUR GBP, “Euro vs Great Britain Pound”

Probably, Europound is also about to complete its correction. Earlier, the pair rebounded fast from the retracement of 61.8%. Later, the price may resume its decline to reach the group of lower fibo-levels at 0.6875.



As we can see at the H1 chart, the lower targets are confirmed by local retracements. Possibly, during the day the market may try to break its previous low. If the price test the upper target of the correction again and rebounds from it, the pair may resume its descending movement.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree