Fibonacci Retracements Analysis 25.05.2017 (EUR/USD, EUR/GBP)

25 мая 2017 - Fx4News

EUR USD "Euro vs US Dollar"

Fibonacci Retracements Analysis 25.05.2017 (EUR/USD)

It is not improbable that the pair tests a group of Fibo-levels near 1.1350. It is very likely that this price area is rebounded from and starts a new bearish correction towards 1.1130.

 

Fibonacci Retracements Analysis 25.05.2017 (EUR/USD)

The upper targets are confirmed by the intraday Fibo-levels on H1-chart. Consequently, in the course of the day the local high can be broken through, but after that the market can return to the price area 1.1230 - 1.1220.

 

EUR GBP "Euro vs British Pound"

Fibonacci Retracements Analysis 25.05.2017 (EUR/GBP)

The cross has rebounded from the Fibo-levels which earlier acted as a support several times. Thus, price likely to continue rising towards the price area near 08710 - 0.8685 and if the lower edge of it is rebounded from, a descending correction can occur.

 

Fibonacci Retracements Analysis 25.05.2017 (EUR/GBP)

On the H1-chart the correction mark 38.2% has rebounded from; and this triggered a further growth of the pair. That said, if we see a rebound from the upper targets in the course of the day, a descending correction can start.