Analysis for October 25th, 2013
EUR/USD
Euro continues moving upwards and reaching new maximums. Considering that the market broke the level of 61.8% (fibo-extension), the price is expected to continue growing up towards the level of 78.6%. the stop on my buy order is already in the black.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/25/eur_usdfib1.png)
At the H1 chart, the pair is forming an ascending correction. According to the analysis of the temporary fibo-zones, the bulls may reach the upper target level on Friday and later the price is expected to make a reverse.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/25/eur_usdfib2.png)
USD/CHF
Franc has already reached its targets. Yesterday Take Profits on my short-term buy orders worked. Most likely, the price will be corrected during the next several days, that’s why I’m staying out of the market.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/25/usd_chffib1.png)
At the H1 chart, the market rebounded from the lower levels inside one of the temporary fibo-zones. We can’t exclude a possibility that Franc will consolidate a little bit while Euro continues moving towards its targets. In the future, the pair may move upwards towards the level of 50%.
RoboForex Analytical Department