Analysis for December 23rd, 2016
In case of the EUR/USD pair, the ascending correction continues. Earlier, the price rebounded from the group of downside fibo-levels. The closest target is the retracement of 38.2%. If later the price rebounds from this level, the market may resume its decline.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the local correction with the target at the retracement of 50% is taking place. If later the price rebounds from this level, the market may continue growing towards the upside targets.
The EUR/GBP pair is still being corrected to the upside. The closest target is the retracement of 38.2%, which is confirmed by local fibo-levels. If later the market may rebounds from its upside targets, bears may try to start a new decline.
EUR GBP, “Euro vs Great Britain Pound”
At the H1 chart, the pair rebounded from the correctional retracement of 61.8% and resumed moving upwards. Possibly, on Friday the price may test the group of upside fibo-levels. The future scenario depends on how the market will move there.
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.