Analysis for April 30th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar rebounded from local level of 78.6% (1.3879) and continued falling down. Most likely, price will break minimum during the day. Main target is the group of fibo levels at 61.8% (1.3760).
As we can see at H1 chart, lower target area is formed by four fibo levels. According to analysis of temporary fibo-zones, predicted targets may be reached during the next couple of days.
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from local level of 78.6% (0.8768), Franc started moving upwards. Main target for the next several days is the group of upper fibo levels at 0.8885 – 0.8880. If price rebounds from them, market may start deeper correction.
As we can see at H1 chart, Franc is consolidating. Possibly, price may reach new maximum on Wednesday. According to analysis of temporary fibo-zones, upper target levels may be reached until the end of this week.
RoboForex Analytical Department