EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still being corrected to the upside. If later the price rebounds from the retracement of 38.2%, the market may resume falling towards the group of fibo-levels at 1.0470.
At the H1 chart, the target area reached by the pair is confirmed by local fibo-levels. If the price rebounds from this area downwards, the market may start a new decline towards the previous low.
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair started plummeting. The closest target for bears is the group of fibo-levels at 0.8345. if later the price rebounds from this area, the market may start a new bullish correction.
As we can see at the H1 chart, the downside targets are confirmed by intraday fibo-levels. Earlier, the pair rebounded from the retracement of 38.2%. On Tuesday, the market is expected to continue moving downwards.
RoboForex Analytical Department