10:38 AM
Fibonacci Retracements Analysis 31.03.2015 (EUR/GBP)
FXTM Online Analysis Department. www.fxtmonline.com
EUR GBP, “Euro vs Great Britain Pound”
Probably, the pair has completed its correction at retracement 61.8% and rebounded from it, which means that the main downtrend may resume. I’ve still got one sell order with the stop loss in breakeven.
As we can see at the H1 chart, the short-term target is the group of intermediate fibo-levels at 0.7155 – 0.7145. In the future, the pair may start a local correction from this area. If it happens, I’ll open another order.
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