Fibonacci Retracements Analysis 28.09.2015 (EUR/USD,)

Analysis for September 28^th, 2015

EUR USD, “Euro vs US Dollar”

After rebounding from the correctional retracement of 61.8%, Eurodollar has resumed its decline. It’s highly likely that the price may break its local low. The closest target is still the group of lower fibo-levels at 1.0640.

At the H1 chart, Eurodollar rebounded from the correctional retracement of 50% and later was supported by the local retracement of 50% as well. The short-term target for bears is the group of local retracements at 1.0940. After reaching them, the pair may start an ascending correction.