RoboForex - Analytics


872.75 5.25/10
79% of positive reviews
How to join the service?

Fibonacci Retracements Analysis 28.07.2016 (EUR/USD, EUR/GBP)

Analysis for July 28th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar started a fast correction, but then rebounded from the retracement of 78.6%. Consequently, in the nearest future the pair may resume its decline. The closest target is still the group of downside retracements at 1.0810.

As we can see at the H1 chart, apart from rebounding from the retracement of 78.6%, the price faced the resistance from the retracement of 200%. It’s highly likely that during the day the pair may resume moving downwards.

EUR GBP, “Euro vs Great Britain Pound”

The flat continues. Europound is testing the correctional retracement of 50% again. If the price rebounds from this level soon, the market may start a new descending movement towards the target at 0.8090.

At the H1 chart, the price has rebounded from the correctional retracement of 50%. As a result, on Thursday the pair may move downwards. To confirm a new descending movement, the market has to stay under the retracement of 38.2%.

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 Members Area.

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