EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trading close to the group of fibo-levels at 1.1140 – 1.1130. If the price breaks this area, the market may resume falling. The closest target is at 1.1015.
At the H1 chart, the pair rebounded from the local retracement of 50%. In the nearest future, the price may continue its descending movement. The closest target is the group of fibo-levels at 1.1015 – 1.0990.
EUR GBP, “Euro vs Great Britain Pound”
The EUR/GBP pair failed to fix below the group of fibo-levels at 0.8795 – 0.8770 and, as a result, resumed its growth. Consequently, in the nearest future the price may continue moving upwards to reach the target area at 0.8965 – 0.8940.
As we can see at the H1 chart, the pair is trading close to the high and may break it quite soon. The upside targets at 0.8965 – 0.8940 are confirmed by local fibo-levels.
RoboForex Analytical Department