6:52 PM
Fibonacci Retracements Analysis 27.03.2015 (EUR/USD)
FXTM Online Analysis Department.
EUR USD, “Euro vs US Dollar”
It took Eurodollar three times to break retracement 50%, which was confirmed by several local retracements. Probably, this fact indicates that the downtrend may resume. I opened a short-term order during a correction.
As we can see at the H1 chart, the target of the current correction was confirmed by local retracements. The closest target is the group of intermediate fibo-levels at 1.0700. After reaching it, the market may start a local pullback upwards.
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