Analysis for April 18th, 2014
EUR USD, “Euro vs US Dollar”
Just as we expected, Eurodollar rebounded from local level of 61.8% (1.3860) and started falling down. Earlier pair rebounded from the group of upper fibo levels (1.3900). Most likely, bears may break minimum next Monday.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/18/eur_usdfib1.png)
As we can see at H1 chart, I’ve got three sell orders already. Considering that price is moving below local level of 50% (1.3847), I decided to open another order, just as I planned before. Target is close to the group of lower fibo levels (1.3760).
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/18/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc managed to rebound from level of 50% (0.8785). Earlier price rebounded from the group of fibo levels at 0.8745. During correction, I opened another buy order, the third one.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/18/usd_chffib1.png)
As we can see at H1 chart, price rebounded from local correctional levels right inside temporary fibo-zone. Franc successfully reached new maximum and started correction. Most likely, pair will consolidate during Friday and break maximum in the beginning of the next week.
RoboForex Analytical Department