{"id":89389,"date":"2016-05-08T16:47:45","date_gmt":"2016-05-08T20:47:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=89389"},"modified":"2016-05-08T08:48:16","modified_gmt":"2016-05-08T12:48:16","slug":"fibonacci-retracements-analysis-09-05-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/fibonacci-retracements-analysis-09-05-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 09.05.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
May 8, 2016<\/div>
\r\n<\/div><\/div>

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

Analysis for May 9th<\/sup>, 2016<\/p>\n

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

Eurodollar has rebounded fast from the correctional retracement of 38.2%, which means that it may start a new decline. The closest target is at the group of fibo-levels at 1.1310. It\u2019s highly likely that on Monday the market may reach a new local low.<\/p>\n

\"\"<\/p>\n

At the H1 chart, the local correction faced resistance from the retracements of 61.8%. In the nearest future, the market may reach its closest target area at 1.1365 and then start a new local correction. However, if the price break this area, the pair may continue falling.<\/p>\n

\"\"<\/p>\n

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

Europound is also being corrected, however, the main target is still at the closest group of fibo-levels. It looks like the pair may reach the target area at 0.7840 next week. The future scenario directly depends on how the price will move at this level. If the pair breaks it, the market will continue falling; if rebounds from it upwards \u2013 start a new bullish movement.<\/p>\n

\"\"<\/p>\n

At the H1 chart, Europound has rebounded from the correctional retracement of 61.8% and the levels surrounding it. That\u2019s why the price may resume falling towards its downside targets at the beginning of the week.<\/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 9th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar has rebounded fast from the correctional retracement of 38.2%, which means that it may start a new decline. The closest target is at the group of fibo-levels at 1.1310. It\u2019s highly likely that on Monday the market may reach a […]<\/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-89389","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89389","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=89389"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89389\/revisions"}],"predecessor-version":[{"id":89390,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89389\/revisions\/89390"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}