Article By RoboForex.com
Analysis for December 24th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar continues falling towards its lower targets. During a local correction, I opened an additional sell order. The target is still the group of lower fibo-levels.
At the H1 chart, the lower target area is confirmed by local retracements. Possibly, the pair may rebound from it in the nearest future and start a new and much deeper correction.
USD CHF, “US Dollar vs Swiss Franc”
Franc has rebounded from retracement 61.8%, which was confirmed by local retracements. The stop loss on my buy order is already in the black. In the near term, the market is expected to continue growing towards its upper targets.
At the H1 chart, I’m planning to open another buy order after a local correction. The closest group of fibo-levels is at 0.99400. Possibly, the market may reach this target area during the next several days.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
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.
