#11
Yesterday Euro broke the level of 38.2% and continued the correction it had started earlier. Most likely, the pair will continue moving upwards to reach the level of 61.8%. Here there are several more fibo-levels, which make this target even more important.
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#12
The market couldn’t keep Euro above the level of 38.2% for a long time and right now the price is moving below it again. Most likely, in the nearest future the pair will continue falling down towards the level of 1.2920, where there are several fibo-levels at the same time. If the price breaks this zone, the bears will become more and more dominant.
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#13
After making a rapid descending movement, Euro is being corrected. The market couldn’t keep the price above the level of 38.2% for a long time and right now the it is moving below it. Most likely, in the nearest future the pair will break the latest minimum and continue falling down towards the target area, where there are several fibo-levels at the same time.
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#14
After rebounding from the level of 38.2%, Euro is expected to continue its correction, at least. The market may continue falling down towards the target area, where there are several fibo-levels at the same time. If the price breaks these levels, the pair will continue moving towards the level of 1.2835.
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#15
Well, Euro did start a new descending movement. The bears have already broken the minimum and right now are moving towards the first target area (the level of 1.2920). If they break this area, the pair will continue falling down towards the second one (the level of 1.2840).
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#16
Euro is trying to resume the down-trend. The price broke the level of 38.2% and then started moving downwards. Later the pair is expected to continue moving towards the target area, where there are three fibo levels at the same time.
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#17
Euro continues moving inside a very narrow trading range; earlier the market rebounded from the level of 38.2% and then started moving downwards. The target is still at the level of 1.2920, where there are three fibo levels at the same time.
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#18
Euro is still consolidating. Yesterday’s attempt to start a new ascending movement failed. The target remains the same; it is still the area, where there are three fibo levels at the same time. The pair may break the minimum during the next several hours.
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#19
Euro rebounded from the level of 38.2% once again. Later we can expect the pair to continue falling down. The target for the bears is the area, where there are 4 fibo-levels from different fibo-extensions and backward corrections.
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#20
The market turned upside down. Euro started moving upwards and continued the correction. The target is at the level of 61.8%, where there are two more fibo-levels, which make this area even more important.
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