Fibonacci Retracements Analysis 26.06.2013 (EUR/USD, USD/CHF)
26.06.2013
Analysis for June 26th, 2013
EUR/USD
Euro got very close to the target levels. We can’t exclude a possibility that the pair may rebound from the level of 61.8% and start a correction. This is the reason why I’ve moved the stops on my buy orders a little bit lower, to make sure that they will earn some profit.
At the H1 chart we can see, that the correction finished between the levels of 50% and 38.2%. According to the analysis of the temporary fibo-zones, predicted targets may be reached during the day. If the pair rebounds from the 2.168 line, the price may start a new correction.
USD/CHF
During a pullback, I opened one more buy order and now I’ve got two of them. The target for is still the area between the levels of 123.6% and 50%. Later these levels may become a point of a reverse and a new descending movement.
At the H1 chart we can see, that the correction completed at the level of 50% and then the pair broke the maximum. I the near term, the price may continue growing up. According to the analysis of the temporary fibo-zones, the targets may be reached during the day.
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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.