Fibonacci Retracements Analysis 11.06.2013 (EUR/USD, USD/CHF)
11.06.2013
Analysis for June 11th, 2013
EUR/USD
The bulls have almost reached the maximum; the target is still at the level of 1.3340, where there are several fibo-levels. It later the Euro rebounds from the target area, the pair may start a new correction.
The market is just several tens of pips away from predicted targets. According to the analysis of the temporary fibo-zones, predicted target area may be reached during the day. If Euro later break these levels upwards, the price will continue growing up.
USD/CHF
Franc is falling down again. Most likely, the pair will break the minimum during the next several hours. The main target is at the level of 0.9200; if the pair rebounds from the level, Franc will start a new correction.
At the H1 chart, we can see that there are four levels in the target area. The pair is moving below the level of 61.8% again. According to the analysis of the temporary fibo-zones, the target levels may be reached during the next 24 hours.
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