9:34 PM
Fibonacci Retracements Analysis 18.03.2015 (EUR/GBP)
FXTM Online Analysis Department.
EUR GBP, “Euro vs Great Britain Pound”
After rebounding from its target area, the pair has started a correction. Possibly, in the near term the market may test retracement 38.2% and then continue falling towards deeper targets at 0.6900.
As we can see at the H1 chart, the target of the current correction is at retracement 78.6%. Possibly, later the price may resume moving downwards. The target area of the correction is confirmed by local retracement, which make this area even more important.
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