Analysis for May 3rd, 2013
EUR/USD
The pair rebounded from the level of 50%, but, against my expectations, the market didn’t start a new ascending movement. Now all that is left to do is open short-term sell orders. Most likely, the bears will reach the level of 1.3000 by Friday evening.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_24.png)
At the H1 chart we can see, that after making a rapid descending movement, the pair is consolidating. There are three fibo-levels in the target area. According to the analysis of temporary fibo-zones, predicted levels may be reached by the end of Friday.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_24.png)
USD/CHF
Franc has almost reached the level of 61.8%. The target for the next several days is the level of 0.9400. If the pair breaks this level, the price will continue moving towards new maximums.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_22.png)
At the H1 chart we can see that there are three fibo-levels in the target area. According to the analysis of temporary fibo-zones, the target area may be reached during the next several hours. If the pair starts an unexpected descending correction, I’ll close my short-term buy order.
RoboForex Analytical Department