Analysis for February 28th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar rebounded from local level of 38.2% and started moving upwards. During correction, I opened another buy order. Target is still near several upper fibo-levels at 1.3800.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/28/eur_usdfib1.png)
According to analysis of temporary fibo-zones at H1 chart, upper levels may be reached in the beginning of the next week. Possibly, after reaching them, price may start new and more serious correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/28/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Just as we expected, Franc rebounded from local level of 38.2% and upper border of descending channel. During correction, I opened one more sell order. Lower levels may be reached in the nearest future.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/February/28/usd_chffib1.png)
At H1 chart we can see, that price made a reverse right inside temporary fibo-zone. Possibly, pair may start reach new minimum on Friday. In this case, I’ll move stops into the black.
RoboForex Analytical Department