Analysis for April 11th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar reached its main target at level of 78.6% and Take Profit on my by order worked. Right now, price is trying to rebound from the group of upper fibo levels. In case price starts falling down, I opened sell order with tight stop.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/11/eur_usdfib1.png)
As we can see at H1 chart, market is moving inside temporary fibo-zone, which means that it may start anew correction, at least. Most likely, pair will reach local level of 38.2%; if it breaks this level, price will continue moving downwards.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/11/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Yesterday Take Profit on my sell order worked; price rebounded from the group of lower fibo levels twice, so I decided to open buy order with tight stop. I’ll move stop into the black as soon as market starts moving upwards.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/11/usd_chffib1.png)
As we can see at H1 chart, Franc reached temporary fibo-zone. In the near term, price is expected to grow up towards local level of 38.2%. If bulls break this level, pair may continue moving upwards to break level of 50%, or even 61.8%.
RoboForex Analytical Department