Fibonacci Retracements Analysis 26.05.2017 (EUR/USD, EUR/GBP)

26 мая 2017 - Fx4News

EUR USD "Euro vs. US Dollar"

Fibonacci Retracements Analysis 26.05.2017 (EUR/USD)

Eventually, the pair has not managed to hold above the Fibo-levels achieved earlier. This opens the way for a descending correction. The nearest target is the price area near 1.1130. If this is broken through, the pair will probably continue to move lower towards the next group of Fibo-levels.

 

Fibonacci Retracements Analysis 26.05.2017 (EUR/USD)

It is likely that the pair will test a group of Fibo-levels near 1.1130 in a few coming hours. Future prospects of the pair will depend on how the price moves at this correction mark.

 

EUR GBP "Euro vs British Pound"

Fibonacci Retracements Analysis 26.05.2017 (EUR/GBP)

The cross has broken through the group of Fibo-levels at 0.8710 - 0.8685. Thus, in the short-run the pair can possibly move further towards the price area near 0.8790 - 0.8770.

 

Fibonacci Retracements Analysis 26.05.2017 (EUR/GBP)

The H1-chart shows that the market is trying to hold above the upper edge of the group of Fibo-levels. If the bulls manage to do this, we can see a yet another growth towards the nearest target area (0.8790 - 08770).