Fibonacci Retracements Analysis 11.06.2013 (EUR/USD, USD/CHF)

Analysis for June 11^th, 2013

EUR/USD

The bulls have almost reached the maximum; the target is still at the level of 1.3340, where there are several fibo-levels. It later the Euro rebounds from the target area, the pair may start a new correction.



The market is just several tens of pips away from predicted targets. According to the analysis of the temporary fibo-zones, predicted target area may be reached during the day. If Euro later break these levels upwards, the price will continue growing up.

USD/CHF

Franc is falling down again. Most likely, the pair will break the minimum during the next several hours. The main target is at the level of 0.9200; if the pair rebounds from the level, Franc will start a new correction.



At the H1 chart, we can see that there are four levels in the target area. The pair is moving below the level of 61.8% again. According to the analysis of the temporary fibo-zones, the target levels may be reached during the next 24 hours.



 
RoboForex Analytical Department