Analysis for May 7th, 2013
EUR/USD
The EUR/USD currency pair is still consolidating. Earlier the pair rebounded from the level of 50%. Later the price is expected to start a new descending movement. The target is between the levels of 78.6% (backward correction) and 161.8% (extension).
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_26.png)
At the H1 chart we can see, that a local correction is supported by the level of 50%. We can’t exclude a possibility that the price may break the minimum during the day. According to the analysis of temporary fibo-zones, the level of 1.3000 may be reached by Thursday.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_26.png)
USD/CHF
Franc completed a slight correction and right now is starting a new ascending movement. The pair may break the maximum during the day. The target for the buyers is at the level of 0.9435.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_24.png)
At the H1 chart we can see, that the price rebounded from the level of 23.6% and started growing up again. According to the analysis of temporary fibo-zones, predicted levels may be reached during the day. If the price rebounds from the target area, the pair may start a new correction.
RoboForex Analytical Department