FXTM Online  Analytically Department.

Fibonacci Retracements Analysis 13.03.2015 (EUR/USD)

EUR USD, “Euro vs US Dollar”

Eurodollar has reached its previous target area and started a correction. Probably, later the price may continue falling towards the next group of fibo-levels at 1.0220. After reaching them, the market may start a larger correction.

As we can see at the H1 chart, the updated target area is confirmed by local retracements. If the market rebounds from a correctional retracement 50% in the nearest future, I’m planning to open another sell order.