{"id":94148,"date":"2016-08-10T07:07:52","date_gmt":"2016-08-10T11:07:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=94148"},"modified":"2016-08-10T07:07:52","modified_gmt":"2016-08-10T11:07:52","slug":"fibonacci-retracements-analysis-10-08-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/fibonacci-retracements-analysis-10-08-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 10.08.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
August 10, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for August 10th<\/sup>, 2016<\/p>\n

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

Earlier, the pair rebounded from the correctional retracement of 61.8% and started falling. Consequently, if the price rebounds from the local retracement of 61.8% during the day, the pair will resume moving downwards.<\/p>\n

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As we can see at the H1 chart, the target at the retracement of 61.8% is confirmed by several intraday fibo-levels. It\u2019s very important to wait until the price rebounds from this level. if it happens and the market stays below the retracement of 50%, I\u2019m planning to open a sell order.<\/p>\n

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

Europound is still moving close to the correctional retracement of 78.6%. The market hasn\u2019t been able to break it yet, but If later the price fixes below it, the pair will start a new descending movement.<\/p>\n

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As we can see at the H1 chart, the retracement of 78.6% is confirmed by several intraday fibo-levels. I\u2019m staying out of the market right now because the price hasn\u2019t rebounded from this target area yet. One should also note that if bulls break the retracement of 78.6% after all, the market may start a deeper ascending correction.<\/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 10th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Earlier, the pair rebounded from the correctional retracement of 61.8% and started falling. Consequently, if the price rebounds from the local retracement of 61.8% during the day, the pair will resume moving downwards. As we can see at the H1 chart, […]<\/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-94148","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94148","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=94148"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94148\/revisions"}],"predecessor-version":[{"id":94150,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94148\/revisions\/94150"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}