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  4. Fibonacci Retracements Analysis 19.06.2014 (EUR/USD, USD/CHF)

Fibonacci Retracements Analysis 19.06.2014 (EUR/USD, USD/CHF)

19.06.2014

Analysis for June 19th, 2014

EUR USD, “Euro vs US Dollar”

EURUSD is heading up and we have to correct our targets. I’ve opened long trade on the correctional move with possible target near closest Fibo levels congestion at 38.2% area. (1.3695 – 1.3686).



Each of two Fibo levels congestions has local confirmations. Timing Fibo zones indicate that target can possibly be achieved as soon as today. After local correction price can move to upper levels.


 

USD CHF, “US Dollar vs Swiss Franc”

Possibly, correctional move on USDCHF is continuing. Low can be violated as soon as today. Possible target for sellers is located on congestion 0.8870 – 0.8865. This are can serve as a support later.

Timing Fibo-zones indicate probability of achieving projected targets before the end of this week. Some local levels confirm lower targets. It allowed to set take profit for short position there.




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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.