Fibonacci Retracements Analysis 12.06.2014 (EUR/USD, USD/CHF)


Analysis for June 12th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving close to its minimums. 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; stop is already in the black.

As we can see at H1 chart, in the near term bears may reach the closest group of fibo-levels at 1.3470 ‑ 1.3460. According to analysis of temporary fibo-zones, it may happen during the next several hours. Later par may start new correction.

USD CHF, “US Dollar vs Swiss Franc”

Franc is trying to start new ascending movement. Closest target here is the group of upper fibo-levels at 0.9100 ‑ 0.9095. Possibly, market may break maximum during Thursday.

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 Thursday.

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.