Analysis for October 26th, 2016
Just we expected, the EUR/USD pair rebounded from the group of fibo-levels and started a new correction. It’s highly likely that in the nearest future the market may resume falling. The closest target is the area at 1.0790.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, the closest target of the ascending current correction is the retracement of 38.2%. If the price rebounds from this level soon, the market may resume its descending movement towards the downside targets.
The EUR/GBP pair finally rebounded from the correctional retracement of 38.2% and started a new ascending movement. It’s highly likely that in the nearest future the market may continue growing to reach the downside border of the closest group of fibo-levels.
EUR GBP, “Euro vs Great Britain Pound”
As we can see at the H1 chart, the pair rebounded not only from the retracement of 38.2%, but from several local fibo-levels as well. Consequently, in the nearest future the market may grow to reach the group of fibo-levels at 0.9025.
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 Members Area.