Analysis for December 9th, 2013
EUR/USD
Eurodollar is getting closer to predicted fibo-levels. If later price rebounds from them, pair may start new correction, at least. In addition to that, we can’t exclude a possibility that instrument may reverse and start new descending trend.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/09/eur_usdfib1.png)
As we can see at H1 chart, price is getting close to temporary fibo-zone. Probably, pair may rebound from upper levels during Monday. Right now, I’m staying put of the market and planning to start selling only after instrument makes a reverse.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/09/eur_usdfib2.png)
USD/CHF
Franc is moving close to several fibo-levels. Possibly, bulls may return to the market on Monday and try to rebound from them. If pair starts new ascending movement, I’ll consider opening long positions.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/december/09/usd_chffib1.png)
At H1 chart, market is very close to temporary fibo-zone. That is why, bulls are expected to start new ascending movement quite soon, may be during Monday.
RoboForex Analytical Department