{"id":99207,"date":"2016-12-07T07:19:54","date_gmt":"2016-12-07T12:19:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=99207"},"modified":"2016-12-07T07:19:54","modified_gmt":"2016-12-07T12:19:54","slug":"fibonacci-retracements-analysis-07-12-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/fibonacci-retracements-analysis-07-12-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 07.12.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
December 7, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for December 7th<\/sup>, 2016<\/p>\n

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

After rebounding from the group of downside fibo-levels twice, the EUR\/USD pair started a new ascending correction. The closest target is the retracement of 38.2% at 1.0820. It\u2019s highly likely that after completing the local correction, the market may resume its growth.<\/p>\n

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At the H1 chart, the target of the local correction is the retracement of 50%. If the pair rebounds from this level upwards, the market may resume its growth and reach a new local high.<\/p>\n

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

In case of the EUR\/GBP pair, the current correction is getting higher. Possibly, during the next several days bulls may try to reach the retracement of 50% at 0.8610, which is confirmed by intraday fibo-levels.<\/p>

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As we can see at the H1 chart, yesterday the pair rebounded the correctional retracement of 38.2% and resumed its growth. On Wednesday, the price may break the local high and then continue growing towards the group of upside retracements.<\/p>\n

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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 December 7th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d After rebounding from the group of downside fibo-levels twice, the EUR\/USD pair started a new ascending correction. The closest target is the retracement of 38.2% at 1.0820. It\u2019s highly likely that after completing the local correction, the market may resume its […]<\/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-99207","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99207","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=99207"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99207\/revisions"}],"predecessor-version":[{"id":99208,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99207\/revisions\/99208"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=99207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=99207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=99207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}