Analysis for February 24th, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving upwards; main target, which is close to several upper fibo-levels, is just several pips away. Probably, level of 1.3800 may be reached during the next several hours and after that, pair may start new correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/24/eur_usdfib1.png)
As we can see at H1 chart, after rebounding from local level of 38.2%, pair started new ascending movement. According to analysis of temporary fibo-zones, bulls may reach upper levels by Tuesday. I’ve moved stop on my buy order to latest local minimum.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/24/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc continues reaching new minimums. Market may slow down a little bit near intermediate fibo-levels, but not for long. Main target, which is at level of 0.8800, is less than 100 pips away.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/24/usd_chffib1.png)
As we can see at H1 chart, pair reached local level of 78.6%, rebounded from it, and started moving downwards. Stops on my sell orders are close to local maximum. According to analysis of temporary fibo-zones, main target may be reached by the middle of the week.
RoboForex Analytical Department