{"id":89013,"date":"2016-05-02T08:35:44","date_gmt":"2016-05-02T12:35:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=89013"},"modified":"2016-05-02T06:21:15","modified_gmt":"2016-05-02T10:21:15","slug":"fibonacci-retracements-analysis-02-05-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/fibonacci-retracements-analysis-02-05-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 02.05.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
May 2, 2016<\/div>
\r\n<\/div><\/div>

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

Analysis for May 2nd<\/sup>, 2016<\/p>\n

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

Eurodollar continues moving upwards; consequently, the targets are at the top. The first resistance bulls may face from the group of retracements at 1.1530 \u2013 1.1520. If they break this area, the pair may continue growing towards the group of upside retracements at 1.1620 \u2013 1.1610.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the target area at 1.1530 \u2013 1.1520 is confirmed by intraday fibo-levels. It\u2019s highly likely that at the beginning of the week the pair may reach this area and start a local descending correction, at least.<\/p>\n

\"\"<\/p>\n

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

Europound is still being corrected. The closest target is at the group of fibo-levels close to the retracement of 38.2%. If the market breaks this area, the price will continue growing towards the next target at the retracement of 61.8%.<\/p>\n

\"\"<\/p>\n

As we can see at the H1 chart, the first bullish target at the retracement of 38.2% is confirmed by intraday fibo-levels. It looks like in the nearest future the price may continue moving upwards. The market may reach its upside targets on Monday or Tuesday.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

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","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for May 2nd, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar continues moving upwards; consequently, the targets are at the top. The first resistance bulls may face from the group of retracements at 1.1530 \u2013 1.1520. If they break this area, the pair may continue growing towards the group of upside […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89013","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89013","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=89013"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89013\/revisions"}],"predecessor-version":[{"id":89014,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89013\/revisions\/89014"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}