Analysis for September 24th, 2013
EUR/USD
The EUR/USD currency pair is still being corrected. I’m keeping my buy order with the target in the area, formed by the levels of 78.6%, 138.2%, and 161.8%. I’ll move the stop into the black as soon as the price breaks the maximum.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/24/eur_usdfib1.png)
At the H1 chart we can see, that the price is inside
flat pattern, that’s why the temporary fibo-zones are also moving. The next important area may be reached on Thursday. One more target is the level of 200%.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/24/eur_usdfib2.png)
USD/CHF
Franc is also consolidating. The main target is still in the area formed by the levels of 161.8% and 138.2%. Later these levels may become a starting point of a new and larger correction.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/september/24/usd_chffib1.png)
As we can see at the H1 chart, the target area is formed by four fibo-levels. According to the temporary fibo-zones, the predicted target area may be reached on Thursday. I’ve got only one sell order so far, but I’m planning to open several more in the future.
RoboForex Analytical Department