Fibonacci Retracements Analysis 14.01.2015 (EUR/USD, USD/CHF)


Analysis for January 14th, 2015

EUR USD, “Euro vs US Dollar”

Euro is finishing its local correction. The closest target is still the group of lower fibo-levels at 1.1485. If later Eurodollar rebounds from this area, the pair may start a new correction. At the end of the last week, I opened an additional sell order during this correction.

At the H1 chart, the lower predicted targets are confirmed by local retracements. The price is still moving close to its lows, thus allowing me to hold my sell orders and plan to open new ones. 

USD CHF, “US Dollar vs Swiss Franc”

In case of Franc, the current targets indicate that the price may reach the group of fibo-levels at 1.0345 during the next several days. Possibly, bulls may reach a new high in the nearest future.

At the H1 chart, the upper targets are confirmed by local retracements. As soon as the price renews the latest maximum, I’m planning to move stop losses closer to the current prices in case the pair starts a fast 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.