Analysis for July 22nd, 2014
EUR USD, “Euro vs US Dollar”
Euro is slowly getting closer to the group of lower fibo-levels at 1.3465 – 1.3455. It looks like price is going to reach its targets in the nearest future. If pair rebounds from them, Euro may start new and more serious correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/22/eur_usdfib1.png)
As we can see at H1 chart, main lowers target are confirmed by local fibo-levels. Possibly, price may rebound from them inside this temporary fibo-zone. In this case, market may start more serious correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/22/eur_usdfib2.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc continues growing up and reaching new maximums. Targets are still the group of upper fibo-levels at 0.9105 – 0.9095. Stop loss on my current orders is already with a little profit; later I’m planning to increase my long position.
![](https://roboforex.com/files/filemanager/image/forecasts/2014/july/22/usd_chffib1.png)
As we can see at H1 chart, 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 by the middle of the week. If later pair rebounds from predicted targets, market may start new and more serious correction.
RoboForex Analytical Department