Fibonacci Retracements Analysis 02.10.2014 (EUR/USD, USD/CHF)


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.

RoboForex Analytical Department

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.