Analysis for April 15th, 2014
EUR USD, “Euro vs US Dollar”
After rebounding from the group of upper fibo levels, Eurodollar started new descending movement. Market hasn’t been able to eliminate Monday’s gap. Price may continue moving downwards during the day.
As we can see at H1 chart, closest target for bears is at local level of 61.8%. If pair breaks this level downwards, price will continue moving downwards.
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from the group of lower fibo levels, market started moving upwards. Stop on my buy order is already in the black. After completing local correction, pair is expected to continue growing up.
As we can see at H1 chart, price broke local level of 38.2% and may try to test level of 50% during the day. If bulls are able to break it, their next target will be at level of 61.8%.
RoboForex Analytical Department