RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 17.02.2016 (EUR/USD, EUR/GBP)

Analysis for February 17th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from the group of upper fibo-levels and started a new correction. The closest target is the group of local retracements at 1.1100. If the price breaks them, the market may continue falling.



At the H1 chart, the downside target is confirmed by the local retracements. It’s highly likely that on Wednesday, the pair may break yesterday’s low.




EUR GBP, “Euro vs Great Britain Pound”

Europound has successfully reached its upside targets and right now is being corrected. After a short-term correction, the price may continue falling towards the group of local retracements at 0.7690.



At the H1 chart, the closest targets of the current descending movement are confirmed by local retracements. Right now, the pair is moving under the correctional retracement of 61.8%, which means that it may start a new descending movement quite soon.



 
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