Fibonacci Retracements Analysis 24.12.2013 (EUR/USD, USD/CHF)

24.12.2013

Analysis for December 24th, 2013

EUR/USD

It looks like yesterday Eurodollar completed its correction and Take Profit on my buy order worked. Later I opened sell order and expect price to break local minimum. Target is close to lower fibo-levels at 1.3550.



As we can see at H1 chart, on Monday price rebounded from local level of 50% inside one of temporary fibo-zones. Most likely, lower levels will be reached during this week.



USD/CHF

Franc may have already completed its correction. Target for bulls is close to upper fibo-levels at 0.9030. I’ve got only one buy order so far.



Yesterday market was just several pips shy to reach level of 50%. Most likely, later pair will start moving towards previous maximum and break it. According to analysis of temporary fibo-zones, upper levels may be reached during the next several days.



 
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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.

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