RoboForex - Analytics

RoboForex

914.00 5.50/10
77% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 07.07.2015 (EUR/USD, EUR/GBP)

Analysis for July 7th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to reach a new local low and may continue falling during Tuesday. The closest target is still the group of fibo-levels at 1.0660. After reaching it, the market may start an ascending correction.



As we can see at the H1 chart, the price has rebounded from a local retracement 78.6%. The lower targets are confirmed by local retracements. I’m planning to move the stop loss on my current orders to the previous high as soon as the market breaks the minimum.




EUR GBP, “Euro vs Great Britain Pound”

After a significant gap down, Europound is still being corrected. The target for the next several days is the group of fibo-levels at 0.6870. I opened a sell order when the pair completed the local correction.



At the H1 chart, last week the price rebounded from retracement 78.6% during the correction. The lower targets are confirmed by local retracements. If later the price rebounds from this area, the market may start an ascending correction.



 
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 or Join us


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