Fibonacci Retracements Analysis 10.02.2017 (EUR/USD, EUR/GBP)

EUR USD, “Euro vs US Dollar”

After rebounding from the retracement of 50% and several local fibo-levels, the EUR/USD pair resumed its decline. It’s highly likely that in the nearest future the market may continue falling towards the target area at 1.0575 – 1.0565.

At the H1 chart, yesterday the pair rebounded from the retracement of 38.2% and resumed moving downwards. Possibly, the price may reach its downside targets, which are confirmed by local fibo-levels, until the end of today’s trading session.

EUR GBP, “Euro vs Great Britain Pound”

After rebounding from the correctional retracement of 38.2%, the EUR/GBP pair resumed moving downwards. The closest target for bears is the group of fibo-levels near the correctional retracement of 78.6%.

At the H1 chart, the local correction completed and the pair resumed its decline. On Friday, the price may continue falling towards its closest targets, which are confirmed by intraday fibo-levels.

RoboForex Analytical Department