Fibonacci Retracements Analysis 25.02.2014 (EUR/USD, USD/CHF)
25.02.2014
Analysis for February 25th, 2014
EUR USD, “Euro vs US Dollar”
Euro is still consolidating close to its latest maximum. Later pair is expected to continue growing up towards its main target, which is close to several upper fibo-levels at 1.3800. Stop on my buy order is already in the black.
As we can see at H1 chart, bulls’ first attempt to break maximum failed. Probably, pair may continue growing up in the nearest future and reach predicted targets inside closest temporary fibo-zone.
USD CHF, “US Dollar vs Swiss Franc”
After breaking local minimum, Franc started new correction. As a result, I’ve got only one sell order left, with stop placed at latest maximum. Target is still at level of 0.8800.
Probably, price may have already finished current correction. If pair starts new descending movement during the day, I’ll move stop into the black right away. Later, after reaching lower target levels, price may start new correction.
RoboForex Analytical Department
Attention!
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.