Analysis for October 1st, 2014
EUR USD, “Euro vs US Dollar”
At the H4 chart, Euro has rebounded from local fibo-levels. Consequently, in the nearest future the pair may start a new correction, during which I’m planning to resume selling with a limit order. Later the price is expected to reach the group of lower fibo-levels at 1.2530 – 1.2515.
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from the price area formed by local fibo-levels, Franc has also started a new correction. I’m keeping a limit buy order with the target near the group of upper fibo-levels at 0.9615 – 0.9625.
RoboForex Analytical Department