Fibonacci Retracements Analysis 27.12.2013 (EUR/USD, USD/CHF)
27.12.2013
Analysis for December 27th, 2013
EUR/USD
Eurodollar started fast ascending movement; most likely, price will break maximum during the next several hours. During correction, I opened buy order; closest target is near several fibo-levels at 1.3890.
As we can see at H1 chart, target area is confirmed by several additional fibo-levels. Possibly, pair may start local correction in the nearest future. According to analysis of temporary fibo-zones, upper levels may be reached until the end of the year.
USD/CHF
Franc started new descending movement. Possibly, price may reach new minimum during Friday. If price breaks the first group of fibo-levels, market will continue falling down.
At H1 chart, market is moving downwards and may start correction quite soon. Possibly, market may reach its predicted targets in the beginning of the next week.
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