{"id":99660,"date":"2016-12-16T06:44:16","date_gmt":"2016-12-16T11:44:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=99660"},"modified":"2016-12-16T06:44:16","modified_gmt":"2016-12-16T11:44:16","slug":"fibonacci-retracements-analysis-16-12-2016-eurusd-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/fibonacci-retracements-analysis-16-12-2016-eurusd-eurgbp\/","title":{"rendered":"Fibonacci Retracements Analysis 16.12.2016 (EUR\/USD, EUR\/GBP)"},"content":{"rendered":"
December 16, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for December 16th<\/sup>, 2016<\/p>\n

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

After rebounding from the group of local fibo-levels, the EUR\/USD pair started a new correction. However, in the nearest future the market may resume falling. The closest target is the area at 1.0200.<\/p>\n

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At the H1 chart, the target of the local ascending correction is the retracement of 38.2%. If the price rebounds from this level in the nearest future, the market may resume moving downwards.<\/p>\n

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

In case of the EUR\/GBP pair, the local descending correction may yet continue. Consequently, in the nearest future the market may reach the retracement of 38.2% at 0.8610, which is confirmed by intraday fibo-levels.<\/p>

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As we can see at the H1 chart, the pair managed to stay above the correctional retracement of 78.6%. As a result, in the nearest future the market may resume growing towards the local high.<\/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 16th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d After rebounding from the group of local fibo-levels, the EUR\/USD pair started a new correction. However, in the nearest future the market may resume falling. The closest target is the area at 1.0200. At the H1 chart, the target of 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-99660","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99660","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=99660"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99660\/revisions"}],"predecessor-version":[{"id":99661,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99660\/revisions\/99661"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=99660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=99660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=99660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}