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).
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/30/eur_usdfib1.png)
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.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/30/eur_usdfib2.png)
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.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/April/30/usd_chffib1.png)
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