EUR GBP, “Euro vs Great Britain Pound”

Fibonacci Retracements Analysis 27.03.2015 (EUR/GBP)

FXTM Online Analysis Department.

EUR GBP, “Euro vs Great Britain Pound”

Probably, the pair has completed its correction at retracement 61.8%, which means that the main downtrend may resume. I’ve got one sell order with the stop loss placed at a local high.





As we can see at the H1 chart, the upper predicted target area was confirmed by local retracement. Most likely, the price will complete the current local correction quite soon and continue falling. In this case, I’ll move the stop loss on my current order to breakeven.