Fibonacci Retracements Analysis 19.02.2014 (EUR/USD, USD/CHF)

19.02.2014

Analysis for February 19th, 2014

EUR USD, “Euro vs US Dollar”

Euro continues moving upwards. Yesterday bulls broke maximum and right now are moving towards their main target, which is close to several upper fibo-levels near 1.3800. During correction, I opened another buy order.



According to the analysis of temporary fibo-zones at H1 chart, target levels may be reached during the day. If later price rebound from them, market may start new correction.




USD CHF, “US Dollar vs Swiss Franc”

Franc is moving downwards quite fast, and I decided to move stop on my sell order into the black. If bears continue pushing price downwards, they may reach new minimum by the end of this week.



As we can see at H1 chart, price is consolidating. According to analysis of temporary fibo-zones, predicted targets may be reached by Thursday. However, one should remember that price may rebound from target area quite fast, that’s why I’m planning to use Take Profit to close my orders.



 
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