Analysis for December 3rd, 2013
EUR/USD
Well, Eurodollar finally managed to rebound from level of 61.8% and may be starting new bearish trend right now. During local correction, I opened another sell order. Target is in lower area, close to 1.3200.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/03/eur_usdfib1.png)
As we can see at H1 chart, pair is starting new correction, which is unlikely to be very deep. Probably, pair will rebound from local level of 38.2% and start new descending movement.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/03/eur_usdfib2.png)
USD/CHF
Franc rebounded from level of 61.8% and bulls returned to the market. After completing local correction, price is expected to start new ascending movement. Target is in upper area, close to 0.9300.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/03/usd_chffib1.png)
At H1 chart, price rebounded from lower levels right inside one of temporary fibo-zones. During the day, pair may form local correction towards level of 50%. If market rebounds from it, pair will continue growing up.
RoboForex Analytical Department