Fibonacci Retracements Analysis

 

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of lower fibo-levels, Europound has started growing. It looks like after completing the local correction the pair is going to continue growing towards the closest upside target at 0.7500.

As we can see at the H1 chart, the price is trying to rebound from the local retracement of 38.2%. The upper target area is confirmed by local retracements. In the nearest future, the market may break yesterday’s high.