Analysis for April 10th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar continues growing up towards new maximums. Price broke level of 61.8%, which means that it may continue moving upwards to reach level of 78.6%. I’ve got one buy order, stop is already in the black.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/10/eur_usdfib1.png)
As we can see at H1 chart, market rebounded from the group of lower fibo levels inside one of temporary fibo-zone and started growing up. Thursday morning pair rebounded from local level of 38.2%, which means that price may continue moving upwards to reach upper target levels.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/10/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Bears are starting to push Franc downwards. Price is already moving below level of 61.8%, which is a signal to start selling. I’ll move stop into the black as soon as market starts falling down; target is at level of 78.6%.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/10/usd_chffib1.png)
As we can see at H1 chart, Franc rebounded from the group of upper fibo levels and started new bearish trend. If later price rebounds from level of 78.6%, pair may reverse and start new ascending movement.
RoboForex Analytical Department