Analysis for March 12th, 2015
Eurodollar has reached its previous target area and started a correction. Probably, later the price may continue falling towards the next group of fibo-levels at 1.0220. After reaching them, the market may start a larger correction.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, the updated target area is confirmed by local retracements. If the market rebounds from a correctional retracement 38.2% in the nearest future, I’m planning to open another sell order.
EUR GBP, “Euro vs Great Britain Pound”After rebounding from its target area, the pair has started a correction. Possibly, in the near term the price may continue falling towards deeper targets at 0.6900.
As we can see at the H1 chart, the pair has rebounded from retracement 38.2%. Possibly, later the price may continue moving downwards. The next target area is confirmed by local retracement, which make this area even more important.
RoboForex Analytical Department
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.