Fibonacci Retracements Analysis 01.10.2014 (EUR/USD, USD/CHF)

01.10.2014

Analysis for October 1st, 2014

EUR USD, “Euro vs US Dollar”

At the H4 chart, Euro has rebounded from local fibo-levels. Consequently, in the nearest future the pair may start a new correction, during which I’m planning to resume selling with a limit order. Later the price is expected to reach the group of lower fibo-levels at 1.2530 – 1.2515.




USD CHF, “US Dollar vs Swiss Franc”

After rebounding from the price area formed by local fibo-levels, Franc has also started a new correction. I’m keeping a limit buy order with the target near the group of upper fibo-levels at 0.9615 – 0.9625.



 
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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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