RoboForex - Analytics

RoboForex

906.25 5.25/10
77% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 14.11.2016 (EUR/USD, EUR/GBP)

Analysis for November 14th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair reached the group of fibo-levels and right now is moving close to them. On Monday, the price may continue consolidating, but later it is expected to resume moving downwards. The closest target is the area at 1.0660 – 1.0640.



At the H1 chart, the local correction may yet continue. If the price fails to stay above the retracement of 23.6%, the market will continue falling. The downside targets are confirmed by local fibo-levels.




EUR GBP, “Euro vs Great Britain Pound”

The EUR/GBP pair is trading between the retracements of 61.8% and 78.6%. In the nearest future, the local correction may continue, but later the market is expected to test the retracement of 78.6%. If the pair rebounds from this level, the price may start a new correction.



It’s highly likely that on Monday the correction that started last Friday may yet continue. As a result, the pair may reach a new local high. Later, the price is likely to start moving downwards to reach the group of fibo-levels near the retracement of 78.6%.



 
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