Analysis for July 14th, 2014
EUR USD, “Euro vs US Dollar”
In case of Euro, sideways correction continues. Target for bulls is still the group of lower fibo-levels at 1.3465 – 1.3455. I’ve got two sell orders with stop loss placed above weekly highs.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/14/eur_usdfib1.png)
As we can see at H1 chart, price rebounded from local fibo-level of 61.8% (1.3650) inside temporary zone and started moving downwards. On Monday, pair tested small level of 78.6% (1.3640). If market rebounds from it, bears may reach new low during the day.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/14/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc is also trying to complete current correction and start new ascending movement. Targets is still the group of upper fibo-levels at 0.9105 – 0.9095. I’m planning to increase my long position in the nearest future.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/14/usd_chffib1.png)
After market opening, Franc tested correctional level of 61.8% (0.8895). Considering that pair entered temporary fibo-zone, market may rebound from current levels and start growing up.
RoboForex Analytical Department