Analysis for September 18th, 2013
EUR/USD
The EUR/USD currency pair is trying to make a reverse at the level of 78.6%. We can’t exclude a possibility that the price may try to test this level once again. If the pair rebounds from it, the bears will return to the market.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/18/eur_usdfib1.png)
At the H1 chart we can see, that the temporary fibo-zones indicated the exact moment when the price made a local reverse. The current correction may yet continue for a while, but later it is expected to continue falling down towards the level of 23.6%.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/18/eur_usdfib2.png)
USD/CHF
After rebounding form the level of 78.6%, the bulls are trying to regain control. However, they haven’t been able to eliminate the gap yet. During a correction, I opened a short-term buy order with the stop at the minimum.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/18/usd_chffib1.png)
As we can see at the H1 chart, the temporary fibo-zones indicate a possibility that the price made a reverse. The current correction may yet continue during the day, but later the pair is expected to move upwards to reach the level of 38.2%.
RoboForex Analytical Department