Analysis for April 29th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar rebounded from level of 50% (1.3790) several times and started new ascending movement. Target for bulls is still the group of upper fibo levels at 1.3965 – 1.3975. Possibly, price may break maximum (1.3905) during the next several days.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/29/eur_usdfib1.png)
At H1 chart, pair started moving upwards after rebounding from local level of 61.8% (1.3813). Yesterday’s descending movement reached all of my stops, so I’ve entered the market again. According to analysis of temporary fibo-zones, predicted targets may be reached by the end of this week.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/29/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc started new correction. Earlier market rebounded from the group of fibo levels at 0.8845 – 0.8855 several times and then started falling down. Main target is still close to the group of lower fibo levels at 0.8650 – 0.8640.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/29/usd_chffib1.png)
As we can see at H1 chart, Franc couldn’t stay below its intermediate target and started correction. Most likely, price will test level of 78.6% during the day. If market rebounds from it, instrument is expected to continue falling down.
RoboForex Analytical Department