Analysis for November 28th, 2016
It’s highly likely that the EUR/USD pair started an ascending correction. The closest target is the correctional retracement of 23.6%. If later the price breaks this level, the market may start a more significant ascending correction.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the local correction is taking place with the target at the retracement of 78.6%. If later the price rebounds from this level, the market may reach its closest target at 1.0700.
The EUR/GBP pair is being corrected. The closest target for is the group of fibo-levels at 0.8415. If later the price rebounds from this area, the market may start a new ascending correction.
EUR GBP, “Euro vs Great Britain Pound”
As we can see at the H1 chart, the pair rebounded from the retracement of 78.6%. If the price fixes below the retracement of 61.8%, the market may resume falling and break the local low.
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.