Fibonacci Retracements Analysis 25.06.2014 (EUR/USD, USD/CHF)

25.06.2014

Analysis for June 25th, 2014

EUR USD, “Euro vs US Dollar”

EURUSD remains to stay possibly in correctional phase. Support was provided by 78.6% level (1.3635). As price is going to pull back from this level, new descending impulse can be initiated with possible target around Fibo leves congestion (1.3470 – 1.3465).



At H1 chart price has pulled back from 78.6% retracement right inside of the Fibo timing zone. I have now one short trade with stop above local high.



USD CHF, “US Dollar vs Swiss Franc”

USDCHF is trying to pull back from 78.6% (0.8924). Possibly, we can see continuation of ascending impulse with target around Fibo level congestion area (0.9100 – 0.9095).



At H1 chart recently we have seen pullback from 78.6%, right inside Fibo timing zone. I have now 2 short trades and as soon as market goes higher, I will set stop-loss to breakeven for those trades.




RoboForex Analytical Department
Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question