EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the group of fibo-levels at 1.1140 – 1.1130 again and, as a result, started moving upwards quickly. In the nearest future, the market may continue growing towards the area at 1.1400 – 1.1410. If later the pair rebounds from these levels, the price may start a new correction.
At the H1 chart, the upside targets are confirmed by intraday fibo-levels. On Wednesday, the pair may be corrected towards the retracement of 23.6%. If later the price rebounds it, the market may resume growing.
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 upside 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. on Wednesday, the price may break yesterday’s high.
RoboForex Analytical Department