Analysis for May 26th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is consolidating close to the group of lower fibo levels at 1.3600 – 1.3590. Possibly, these targets may be reached on Monday. If later price rebounds from them, market may start more serious correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/May/26/eur_usdfib1.png)
As we can see at H1 chart, temporary fibo-zone indicated the start of new correction. Right now, price is moving at level of 38.2% (1.3640). If it rebounds from this level, market may start new descending movement.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/May/26/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc is also being corrected. In the near term, price may reach the group of upper fibo levels at 0.8980 – 0.8975. Future scenario depends on how instrument will move inside this target area.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/May/26/usd_chffib1.png)
As we can see at H1 chart, right now price is moving at local level of 50% (0.8946). According to analysis of temporary fibo-zones, current correction may have already completed. That’s why on Monday instrument is expected to start new ascending movement towards upper target levels.
RoboForex Analytical Department