Analysis for June 28th, 2013
EUR/USD
After reaching the target levels, Euro started a correction. Most likely, the bulls will try to push the price towards the level of 38.2% of even higher. I’ve moved the stop on my buy order into the black.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_60.png)
At the H1 chart we can see, that the pair rebounded from the 2.168 line of the fibo-channel. The temporary fibo-zones also indicated the exact area, where the previous ascending movement was finished. The main strategy for the next several days is to buy only, but we should remember – the current movement is just a correction.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_60.png)
USD/CHF
Yesterday Franc reached the target level; two of my Take Profits worked. Right now, I’m staying out of the market, because the price hasn’t made an proper reverse yet. In other words, it’s better to wait a bit until the situation becomes clearer.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_58.png)
At the H1 chart we can see, that the price rebounded from the three fibo-levels in a row. There is a possibility that the bears may return to the market during the next several days.
RoboForex Analytical Department