Monday, September 28, 2015

Fibonacci Retracements Analysis

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the group of lower fibo-levels, Europound started growing. it’s highly likely that the pair has already completed the local correction and in the nearest future may start moving upwards to reach the closest upside target at 0.7500.



 As we can see at the H1 chart, the price has rebounded from the local retracement of 50%. The upper target area is confirmed by local retracements. In the nearest future, the market may break the last week’s high.


No comments:

Post a Comment