Analysis for July 1st, 2014
EUR USD, “Euro vs US Dollar”
Yesterday Euro reached its intermediate target. Considering that right now market is consolidating, I opened new buy order with target at the next group of fibo‑levels at 1.3760 ‑ 1.3750. After price breaks maximum, I’ll move stop loss to the level where sell order was opened.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/01/eur_usdfib1.png)
As we can see at H1 chart, upper targets are confirmed by several additional fibo-levels. According to temporary fibo-zones, predicted targets may be reached by Thursday.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/01/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Yesterday my take profit worked. During correction, I opened another sell order with target at closest group of fibo-levels at 0.8815 ‑ 0.8805. Possibly, if pair rebounds from these levels, price may start new correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/01/usd_chffib1.png)
As we can see at H1 chart, lower targets are confirmed by local fibo-levels. According to analysis of temporary fibo-zones, predicted target area may be reached by Wednesday evening or Thursday morning. Later, price may start new correction.
RoboForex Analytical Department