Analysis for April 24th, 2013
EUR/USD
Euro is trying to resume the down-trend. The price broke the level of 38.2% and then started moving downwards. Later the pair is expected to continue moving towards the target area, where there are three fibo levels at the same time.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_17.png)
As we can see at the H1 chart, in the target area there is one more fibo-level, which makes this target even more important. According to the analysis of temporary fibo-zones, the level of 1.2920 may be reached during the day.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_17.png)
USD/CHF
Franc started moving upwards very fast and easily broke several target areas. The next target for the bulls is the level of 0.9610. During a local correction I opened a short-term buy order and in the future I’m planning to open several more.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_15.png)
According to the analysis of temporary targets, the market may reach the predicted target levels by the end of Thursday. Later this area may become a starting point of a new correction, or even a reverse. However, if the pair breaks it, the price will continue growing up.
RoboForex Analytical Department