Analysis for July 4th, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving downwards; during correction I opened another sell order. Target is the group of lower fibo-levels at 1.3465 – 1.3455. However, considering that price fell down quite deep, we can’t exclude the possibility that market may start more serious correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/04/eur_usdfib1.png)
As we can see at H1 chart, lower targets are confirmed by local fibo-levels. According to analysis of temporary fibo-zones, predicted targets may be reached by the middle of the next week.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/04/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc started growing up towards the group of upper fibo-levels at 0.9105 – 0.9095. Stop loss on my yesterday’s buy order is already in breakeven. In the future, if pair starts new correction, I’m planning to open my second buy order.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/04/usd_chffib1.png)
As we can see at H1 chart, there are several local fibo-levels inside upper target area. According to analysis of temporary fibo-zones, predicted targets may be reached by next Wednesday.
RoboForex Analytical Department