Analysis for March 31st, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. Marker reached stop on my sell order, that’s why I had to open another one. Target is still near the group of lower fibo levels at 1.3665.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/31/eur_usdfib1.png)
As we can see at H1 chart, pair reached local correctional level of 50%. If it rebounds from this level, bears will start new descending movement. According to analysis of temporary fibo-zones, lower target levels may be reached during the next couple of days.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/31/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc is also being corrected; I opened another buy order with the same target. Most likely, pair will reach the group of upper fibo levels at 0.8930 until the end of this week.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/March/31/usd_chffib1.png)
As we can see at H1 chart, bulls are trying to rebound from local level of 50%. I’ll move stop into the black as soon as market start moving upwards. Target is near the group of upper fibo levels, which are inside temporary fibo-zone.
RoboForex Analytical Department