Analysis for February 17th, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving upwards. Main target is still the same, close to upper fibo-levels near 1.3800. Later, pair is expected to start continues growing up and reach new maximums.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/17/eur_usdfib1.png)
As we can see at H1 chart, market is being corrected, but may start new ascending movement in the nearest future. According to the analysis of temporary fibo-zones, bulls may reach their main target by Tuesday.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/17/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc reached one of intermediate fibo-levels and started local correction. Most likely, this correction will finish during the day. I’m planning to increase my short position after price starts falling down again.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/17/usd_chffib1.png)
As we can see at H1 chart, current correction may be quite short. Pair may reach new minimum during the day. Main target for bears is close to several fibo-levels near 0.8800.
RoboForex Analytical Department