Fibonacci Retracements Analysis 25.06.2013 (EUR/USD, USD/CHF)
25.06.2013
Analysis for June 25th, 2013
EUR/USD
Euro finishing the correction, during which I opened one more sell order. The pair may break the minimum during the next several hours. The target area for the bears is between the levels of 61.8% and 50%, where there are several more fibo-levels.
At the H1 chart we can see, that the correction is supported by the 1.618 line of the fibo-channel. According to the analysis of the temporary fibo-zones, the next line, 2.168, may be reached by Wednesday. If the pair rebounds from it, the price may start a new correction.
USD/CHF
Friday is being corrected and I decoded to open one more buy order. The target for the bulls is area between the levels of 123.6% and 50%. The pair may break a local maximum during the day.
At the H1 chart we can see, that the correction reached the level of 50% and right now the pair is trying to rebound from it. The level of 261.8% is one more target in the target area. According to the analysis of the temporary fibo-zones, the targets may be reached tomorrow.
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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.