Fibonacci Retracements Analysis 15.01.2014 (EUR/USD, USD/CHF)

15.01.2014

Analysis for January 15th, 2014

EUR/USD

After rebounding from level of 38.2% several times, Eurodollar started moving downwards. Possibly, price may break minimum in the nearest future. Main target is at lower levels, 138.2% and 61.8%.



At H1 chart, there is one more fibo-level, 423.6%, inside target area. According to analysis of temporary fibo-zones, predicted targets may be reached on Wednesday. If later pair rebounds from them, price may start new correction.



USD/CHF

The same is in case of Franc: correction faced resistance from level of 38.2%. It looks like buyers are going to break previous maximum. Target is close to the group of upper fibo-levels.



Market is moving upwards quite fast. According to analysis of temporary fibo-zones, predicted targets may be reached in the middle of this week. In the future, I’m planning to increase my long position.



 
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