Analysis for March 17th, 2014
EUR USD, “Euro vs US Dollar”
After rebounding from upper target levels, Eurodollar started falling down. First target for bears is at level of 50%: if they break it, market will continue falling down towards level of 61.8%. I’m selling, but very carefully, because this descending movement may turn out to be just another correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/17/eur_usdfib1.png)
As we can see at H1 chart, price reached its target levels right inside temporary fibo-zone. There are several additional fibo-levels close to level of 50%. Possibly, price may reach new minimum during the day.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/17/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc tested lower fibo-levels one more time and rebounded from them again. Closest target for bulls is at level of 50%: if price breaks it, pair will continue growing up.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/17/usd_chffib1.png)
At H1 chart we can see, price reached lower targets right inside temporary fibo-zone. In the near term, pair is expected to grow up and reach at least level of 0.8810, where there are several fibo-levels.
RoboForex Analytical Department