{"id":93738,"date":"2016-08-01T06:12:03","date_gmt":"2016-08-01T10:12:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=93738"},"modified":"2016-08-01T06:12:03","modified_gmt":"2016-08-01T10:12:03","slug":"fibonacci-retracements-analysis-01-08-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/fibonacci-retracements-analysis-01-08-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 01.08.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
August 1, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for August 1st<\/sup>, 2016<\/p>\n

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

The ascending correction continues. It\u2019s highly likely that in the nearest future Eurodollar may test the correctional retracement of 61.8%. If the price rebounds from this level, the market may resume falling.<\/p>\n

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As we can see at the H1 chart, the price is trying to rebound from the retracement of 23.6%. If the pair stays above this level, it may break the local high. The upside targets of the correction are confirmed by intraday fibo-levels.<\/p>\n

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

Possibly, Europound may test the correctional retracement of 61.8% again. If the price rebounds from this level, the market may start a new descending movement. However, if this the pair breaks this level and stays above it, the market may continue growing.<\/p>\n

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As we can see at the H1 chart, the predicted target of the correction is confirmed by local fibo-levels. Earlier, the price rebounded from the correctional retracement of 61.8%. It\u2019s highly likely that in the nearest future Europound may reach a new high.<\/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 August 1st, 2016 EUR USD, \u201cEuro vs US Dollar\u201d The ascending correction continues. It\u2019s highly likely that in the nearest future Eurodollar may test the correctional retracement of 61.8%. If the price rebounds from this level, the market may resume falling. As we can see at the H1 chart, 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-93738","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93738","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=93738"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93738\/revisions"}],"predecessor-version":[{"id":93739,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93738\/revisions\/93739"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=93738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=93738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=93738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}