{"id":82556,"date":"2015-12-16T09:29:14","date_gmt":"2015-12-16T14:29:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=82556"},"modified":"2015-12-16T06:30:19","modified_gmt":"2015-12-16T11:30:19","slug":"fibonacci-retracements-analysis-16-12-2015-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/fibonacci-retracements-analysis-16-12-2015-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 16.12.2015 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
December 16, 2015<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for December 16th<\/sup>, 2015<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

Yesterday, Eurodollar rebounded from the group of upper fibo-levels and started a descending correction. The first target is the area at 1.0730. If the market rebounds from this area upwards, the price may resume its ascending movement.<\/p>\n

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As we can see at the H1 chart, the price has broken Moving Average (period 34), which provided support for the pair\u2019s ascending movement earlier. The local target is the group of retracements at 1.0875. If the pair breaks this area, the market will continue falling much deeper.<\/p>\n

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EUR GBP, \u201cEuro vs Great Britain Pound\u201d<\/h2>\n

Europound is trying to rebound from the group of upper fibo-levels and resume its movement inside the current downtrend. On Wednesday, the pair may fall to reach local retracements at 0.7170.<\/p>\n

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As we can see at the H1 chart, the predicted target of the current correction is confirmed by local retracements. It\u2019s highly likely that on Wednesday the pair may resume its descending movement. The closest target is the group of fibo-levels at 0.7170.<\/p>

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for December 16th, 2015 EUR USD, \u201cEuro vs US Dollar\u201d Yesterday, Eurodollar rebounded from the group of upper fibo-levels and started a descending correction. The first target is the area at 1.0730. If the market rebounds from this area upwards, the price may resume its ascending movement. As we can see […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82556","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82556"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82556\/revisions"}],"predecessor-version":[{"id":82557,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82556\/revisions\/82557"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}