{"id":89869,"date":"2016-05-17T09:35:29","date_gmt":"2016-05-17T13:35:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=89869"},"modified":"2016-05-17T08:51:10","modified_gmt":"2016-05-17T12:51:10","slug":"fibonacci-retracements-analysis-17-05-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/fibonacci-retracements-analysis-17-05-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 17.05.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
May 17, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for May 17th<\/sup>, 2016<\/p>\n

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

Eurodollar is being corrected, although the main target for bears is still the group of lower fibo-levels at 1.1210. On Tuesday, the price may resume its decline and, as a result, break the minimum quite soon.<\/p>\n

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At the H1 chart, yesterday the price rebounded from the correctional retracement of 38.2%, which means that it may resume falling. Besides, the downside targets are confirmed by intraday fibo-levels as well.<\/p>\n

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

The correction is getting deeper. The closest target for bear is the retracement of 78.6%, which is confirmed by several local fibo-levels. During the day, the pair may break the local minimum.<\/p>\n

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As we can see at the H1 chart, the downside targets are confirmed by intraday retracements. If the price rebounds from this area, bulls may start a new correction. Otherwise, if this area is broken, bears will continue pushing the price downwards.<\/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","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for May 17th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar is being corrected, although the main target for bears is still the group of lower fibo-levels at 1.1210. On Tuesday, the price may resume its decline and, as a result, break the minimum quite soon. At the H1 chart, yesterday […]<\/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-89869","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89869","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=89869"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89869\/revisions"}],"predecessor-version":[{"id":89871,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89869\/revisions\/89871"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}