{"id":90582,"date":"2016-05-31T08:45:06","date_gmt":"2016-05-31T12:45:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=90582"},"modified":"2016-05-31T07:53:07","modified_gmt":"2016-05-31T11:53:07","slug":"fibonacci-retracements-analysis-31-05-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/fibonacci-retracements-analysis-31-05-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 31.05.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
May 31, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for May 31st<\/sup>, 2016<\/p>\n

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

In case of Eurodollar, the downtrend continues. The market has rebounded from the Moving Average and the retracement of 61.8%, which means that it may resume falling. The closest target for bears is the group of retracements at 1.1070.<\/p>\n

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At the H1 chart, the price hasn\u2019t been able to stay above the retracement of 38.2%. As a result, in the nearest future the market may resume falling towards its downside targets, which are confirmed by intraday fibo-levels.<\/p>\n

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

The pair is still being corrected. However, the main target is still the group of downside fibo-levels. Consequently, in the nearest future Europound may resume falling and break the previous local low.<\/p>\n

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At the H1 chart, the price is trying to rebound from the correctional retracements of 38.2% again. If later Europound stays under the retracement of 23.6%, the pair may resume falling and reach its downside targets at 0.7415.<\/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 31st, 2016 EUR USD, \u201cEuro vs US Dollar\u201d In case of Eurodollar, the downtrend continues. The market has rebounded from the Moving Average and the retracement of 61.8%, which means that it may resume falling. The closest target for bears is the group of retracements at 1.1070. At the […]<\/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-90582","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90582","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=90582"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90582\/revisions"}],"predecessor-version":[{"id":90583,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90582\/revisions\/90583"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}