Fibonacci Retracements Analysis 18.12.2013 (EUR/USD, USD/CHF)

18.12.2013

Analysis for December 18th, 2013

EUR/USD

Eurodollar is still consolidating. After local correction, I opened my second buy order. In the future, price is expected to break maximum and continue growing up towards upper fibo-levels.



As we can see at H1 chart, there a several fibo-levels at the top. According to analysis of temporary fibo-zones, pair may reach its targets during Wednesday. I’ll move stop into the black as soon as price reaches new maximum.



USD/CHF

Franc reached new minimum. Probably, market is going to move towards lower levels, that’s why I opened short-term sell order during local correction. Stop is placed at local maximum.



At H1 chart we can see, that lower target area is formed by six fibo-levels. Possibly, pair may reach new minimums during the day. According to analysis of temporary fibo-zones, predicted targets may be reached tomorrow.



 
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