Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
Euro continues reaching both bearish and bullish stops. During correction, I opened buy order again with stop placed at minimum of last long candlestick. Targets are still the same: upper fibo-levels near 1.3810.
At H1 chart, market is moving close local maximums. Closest target is near several fibo-levels at 1.3740. According to analysis of temporary fibo-zones, this target area may be reached during the day.
After reaching all stops yesterday, Franc started falling down. Most likely, market will reach new local minimum in the nearest future. Main targets are still in lower part of the chart.
At H1 chart, market is moving below level of 78.6%. Most likely, pair will continue falling down towards next target at level of 0.8875. According to analysis of temporary fibo-zones, price may reach this level during Thursday.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.