Fibonacci Retracements Analysis 03.10.2014 (EUR/USD, USD/CHF)


Analysis for October 3rd, 2014

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from local level 38.2 and allowed me to open another sell order. The target is still the group of lower fibo-levels at 1.2530 – 1.2515. Possibly, the price may reach a new low during Friday.

USD CHF, “US Dollar vs Swiss Franc”

In case of Franc, yesterday the price rebounded from correctional level of 23.6% again. Possibly, the pair may reach the group of upper fibo-levels at 0.9615 – 0.9625 until the end of today’s trading session. If later the price rebounds from these levels, the market may start a new correction.

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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.