Analysis for November 11th, 2014
EUR USD, “Euro vs US Dollar”
The correction continues. The first target level is a local retracement 38.2%. If the price rebounds from it and from the upper border of its descending channel again, the market may resume falling towards the group of lower fibo-levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_21.png)
At the H1 chart, possibly the pair may start forming
flat in the nearest future. Later, after the price rebounds from a possible target of this correction, I’m planning to open an additional sell order. I’m planning to record the profit when the market rebounds from the lower targets.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_21.png)
USD CHF, “US Dollar vs Swiss Franc”
Franc is also forming a correction, the target of which is at retracement 50%. If later the price rebounds from this level, the market will continue moving inside the main uptrend towards the upper targets.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/15/usdchffib1_21.png)
Probably, at the H1 chart the current correction may later continue. Local retracements confirm that this correction may finish at retracement 50%. After the pair rebounds from it, I’m planning to open an additional buy order.
RoboForex Analytical Department