Analysis for November 4th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside
flat. Yesterday, I decided to change the target for my sell order; now it’s the group of lower fibo-levels at 1.2215 – 1.2190. In addition to that, I’ve opened an additional sell order during a correction.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_16.png)
At the H1 chart, the predicted targets are confirmed by several local retracements. Temporary fibo-zones indicate that the current correction may complete during the next several hours. I’m planning to move stop losses on my order to 1.2550 after the price breaks the minimum.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_16.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc continues consolidating. Last week the price rebounded from retracement 61.8% and resumed growing. The target for bulls is the group of upper fibo-levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/15/usdchffib1_16.png)
At the H1 chart, the upper targets are confirmed by several local retracements. I continue to increase my long position during this correction. If the pair rebound from the upper levels, the market may start a serious pullback downwards.
RoboForex Analytical Department