Analysis for April 17th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected; earlier pair rebounded from the group of upper fibo levels (at 1.3900). Right now, price is trying to rebound from level of 61.8% (1.3860). If bears succeed in doing it, market will start new descending movement.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/17/eur_usdfib1.png)
As we can see at H1 chart, I’ve got two sell orders so far. If later pair breaks local level of 50% (1.3847) downwards, I’ll open several more orders with target close to the group of lower fibo levels (1.3760).
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/17/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating and trying to find support from local level of 50% (0.8785). Earlier price rebounded from the group of fibo levels at 0.8745. Possibly, market may reach new maximums until the end of this trading week.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/17/usd_chffib1.png)
As we can see at H1 chart, price is getting closer to temporary fibo-zone. Possibly, pair may rebound from local level of 50% inside this zone. Later market is expected to start new ascending movement towards the group of fibo levels (0.8845 – 0.8855).
RoboForex Analytical Department