Fibonacci Retracements Analysis 13.10.2014 (EUR/USD, USD/CHF)

13.10.2014

Analysis for October 13th, 2014

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to resume falling. The target is still the group of lower fibo-levels at 1.2435 – 1.2425. During a correction, I’ve opened a short-term buy order with the stop loss above the latest maximum.



As we can see at the H1 chart, the price has rebounded from a local retracement 50%. Temporary fibo‑zones indicate that the lower targets may be reached during the next 24 hours. Later, the pair may start a more serious correction.




USD CHF, “US Dollar vs Swiss Franc”

Franc is making another attempt to resume growing. The target is still the group of upper fibo-levels at 0.9780 – 0.9770. I’ve got a short-term buy order and plan to increase my position in the future.



As we can see at H1 chart, Franc has rebounded from a local retracement 50%. Temporary fibo-zones indicate that the pair may reach the upper targets by Tuesday. Later, the market may start a more serious correction.



 
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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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