Analysis for April 21st, 2014
EUR USD, “Euro vs US Dollar”
After rebounding from local level of 61.8% (1.3860), Eurodollar started falling down. Earlier pair rebounded from the group of upper fibo levels (1.3900). Most likely, bears may break minimum in the nearest future.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/21/eur_usdfib1.png)
As we can see at H1 chart, Eurodollar started new correction. I still got three sell orders with target near the group of lower fibo levels (1.3760). I’m planning to increase my short position as soon as market breaks level of 50% (1.3818) downwards again.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/21/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from level of 50% (0.8785), Franc started new ascending movement. Earlier price rebounded from the group of fibo levels at 0.8745. Last Friday, I opened another buy order, the third one.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/21/usd_chffib1.png)
As we can see at H1 chart, local correction reached level of 23.6% from previous fast ascending movement. Possibly, during the day bears may test level of 38.2%. In general, Franc is expected to start growing up towards the group of upper fibo levels (0.8845 – 0.8850).
RoboForex Analytical Department