Fibonacci Retracements Analysis 11.06.2014 (EUR/USD, USD/CHF)


Analysis for June 11th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving downwards. Possibly, during the next several days market will continue falling down towards the group of strong fibo-levels at 1.3230 ‑ 1.3220. I’m still holding sell order.

As we can see at H1 chart, price is moving inside temporary fibo-zone, which means that it may start falling down quite soon. In the near term, bears may reach the closest group of fibo-levels at 1.3470 ‑ 1.3460.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still being corrected. Closest target here 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 on 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.