6:57 PM
Fibonacci Retracements Analysis 24.03.2015 (EUR/USD)
FXTM Online Analysis Department.
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. Probably, in the near term the market may try to test the upper group of fibo-levels once again. If it rebounds from them, the downtrend will resume.
As we can see at the H1 chart, the target of the current correction is confirmed by local retracements. If the pair rebounds from this target area, I’m planning to open another sell order with the stop loss placed at the newly reached maximum.
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