Analysis for March 13th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar has almost reached its main target, which is near several fibo-levels at 1.3970. Possibly, price may start new correction from current levels. I closed my buy order with profit and right now I’m out of the market.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/13/eur_usdfib1.png)
At H1 chart, price is moving inside temporary fibo-zone. Possibly, bulls may reach new maximum during the day, but they’re quite unlikely to push price too high. It looks like price is going to start new descending movement quite soon.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/13/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc reached lower fibo-levels and Take Profit on my sell order worked. Most likely, price will start new correction in the nearest future and may even make a reverse upwards.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/13/usd_chffib1.png)
At H1 chart we can see, pair reached its predicted targets right inside temporary fibo-zone. Later price is expected to start new ascending movement, that’s why I’m straying out of the market.
RoboForex Analytical Department