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Fibonacci analysis for EUR/USD and EUR/GBP for 07.14.2015

Fibonacci analysis for 14 July 2015

EUR USD "Eurodollar"


Fibonacci analysis for EUR/USD for 07.14.2015

The euro resumes its decline. Late last week, the market has formed a series of jumps away from the correctional level of 50%. The bottom cluster of fibo-levels in the range of 1.0640 is still relevant.



Fibonacci analysis for EUR/USD for 07.14.2015

On the hourly chart the benchmark for the end of the local correction is the level of 50%. Intermediate target still stands in the cluster of levels near 1.0790.



EUR GBP "Euro to British pound"

Fibonacci analysis for EUR/GBP for 07.14.2015

The cross supposedly completed an upward correction. The aim for the near future acts as the cluster of fibo-levels in the mark of 0.6870. Earlier, on the probable end of the local correction, I entered into a deal to sell.



Fibonacci analysis for EUR/GBP for 07.14.2015

On the hourly chart the price has formed a retreat from the local cluster of fibo-levels. It is possible that soon the pair will be able to break the minimum of last week. The intermediate target price stands near the 0.7020 area, formed by several fibo-levels.


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