Analysis for June 6th, 2014
EUR USD, “Euro vs US Dollar”
Yesterday Euro reached the group of lower fibo-levels and rebounded from the, most likely, right now price is being corrected and this correction may continue up to level of 38.2% (1.3690) from the previous descending movement.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/June/06/eur_usdfib1.png)
During local correction, I opened short-term buy order with tight stop. According to analysis of temporary fibo-zones, price may reach its closest target level of 38.2% during the day. If price breaks it, it may start more significant ascending movement.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/June/06/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc was just several pips shy to reach the group of upper fibo-levels; market started new correction. After a short pause, pair may continue falling down towards level of 50% (0.8870).
![](https://roboforex.com/files/filemanager/image/forecasts/2014/June/06/usd_chffib1.png)
During pullback, I opened sell order with stop placed near local maximums. According to analysis of temporary fibo-zones, price may reach level of 50% during the next 24 hours.
RoboForex Analytical Department