Fibonacci Retracements Analysis 02.10.2014 (EUR/USD, USD/CHF)
02.10.2014
Analysis for October 2nd, 2014
EUR USD, “Euro vs US Dollar”
Yesterday during a local correction, my limit sell order worked. The target is the closest group of fibo-levels at 1.2530 – 1.2515. If the price rebounds from this area, the market may start a larger correction.
USD CHF, “US Dollar vs Swiss Franc”
In case of Franc, my pending order also worked; I’ve already moved the stop to breakeven. The target is still the group of upper fibo-levels at 0.9615 – 0.9625. Possibly, the market may reach a new high during the day.
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