Analysis for August 22nd, 2013
EUR/USD
Euro is still being corrected; the price has already reached the level of 61.8%. If the pair rebounds from this level, the market may start moving upwards again. In this case, the target will be in the area formed by several fibo-levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_99.png)
At the H1 chart we can see, that there is one more fibo level in the target area. According to the analysis of the temporary fibo-zones, the current correction may finish at the level of 61.8%. However, right now it’s quite risky to enter the market, that’s why I’ve opened only a pending order.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_98.png)
USD/CHF
Franc is moving upwards so far. During the next several hours the market is expected to reach the level of 61.8%. If the market rebounds from it, the pair the pair will continue falling down towards the target area in the lower part of the chart.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_97.png)
As we can see at the H1 chart, the pair is moving very close to the temporary fibo-zone. If the market rebounds from the level of 61.8%, I may try to open some sell orders with the target in the area in lower part of the chart, which is formed by four fib-levels.
RoboForex Analytical Department