Fibonacci Retracements Analysis 10.06.2014 (EUR/USD, USD/CHF)


Analysis for June 10th, 2014

EUR USD, “Euro vs US Dollar”

Euro wasn’t strong enough to reverse and righty now market is moving downwards again. Possibly, during the next several days market will continue falling down towards the group of strong fibo-levels at 1.3230 ‑ 1.3220. I opened sell order with tight stop.

As we can see at H1 chart, first target bears may reach is the closest group of fibo-levels at 1.3470 ‑ 1.3460. According to analysis of temporary fibo-zones, this target may be reached during the next several days. After reaching it, price may start new local correction.

USD CHF, “US Dollar vs Swiss Franc”

Franc is starting new ascending movement. Closest target is the group of upper fibo-levels at 0.9100 ‑ 0.9095. Possibly, market may break maximum during the day.

As we can see at H1 chart, upper targets are confirmed by several local fibo-levels. According to analysis of temporary fibo-zones, predicted targets may be reached by Wednesday.

RoboForex Analytical Department


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.