Analysis for July 18th, 2014
EUR USD, “Euro vs US Dollar”
Euro is still falling down fast towards the group of lower fibo-levels at 1.3465 – 1.3455. Yesterday during correction, I opened two more sell orders. Stop losses on all of my sell orders is already in breakeven and with a little bit of profit.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/18/eur_usdfib1.png)
As we can see at H1 chart, price is still consolidating. According to analysis of temporary fibo-zones, price may reach its predicted targets in the beginning of the next week. If later pair rebounds from lower levels, market may start new correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/18/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
During local correction, I opened another buy order. Targets are still the group of upper fibo-levels at 0.9105 – 0.9095. Stop loss on my current orders is in breakeven; later I’m planning to increase my long position.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/18/usd_chffib1.png)
Franc rebounded from level of 61.8% (0.8895) and started new ascending movement. According to analysis of temporary fibo-zones, upper targets may be reached in the beginning of the next one. If later pair rebounds from predicted targets, market may start new and more serious correction.
RoboForex Analytical Department