{"id":94203,"date":"2016-08-11T07:39:51","date_gmt":"2016-08-11T11:39:51","guid":{"rendered":"http:\/\/countingpips.com\/?p=94203"},"modified":"2016-08-11T07:39:51","modified_gmt":"2016-08-11T11:39:51","slug":"fibonacci-retracements-analysis-11-08-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/fibonacci-retracements-analysis-11-08-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 11.08.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
August 11, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for August 11th<\/sup>, 2016<\/p>\n

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

The EUR\/USD pair hasn\u2019t been able to break the correctional retracement of 78.6% after all, which means that it may resume falling. Consequently, in the nearest future the market may break its local low. The closest target for bears is still the group of downside retracements at 1.0810.<\/p>\n

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As we can see at the H1 chart, the target is the group of retracements at 1.0880. If later the market rebounds from this area, the pair may start an intraday ascending correction.<\/p>\n

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

Europound continues growing and may soon break July\u2019s high. The main bullish target for the next several days is the group of retracements at 0.8860 \u2013 0.8880. I\u2019m planning to open a buy order during the upcoming correction.<\/p>\n

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As we can see at the H1 chart, after rebounding from the local correctional retracement of 50%, the EUR\/GBP pair has resumed its growth. The intraday target for bulls is the group of retracements at 0.8725. If the price rebounds from this area, it may start a new descending 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 11th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair hasn\u2019t been able to break the correctional retracement of 78.6% after all, which means that it may resume falling. Consequently, in the nearest future the market may break its local low. The closest target for bears is still […]<\/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-94203","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94203","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=94203"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94203\/revisions"}],"predecessor-version":[{"id":94204,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94203\/revisions\/94204"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}