{"id":61510,"date":"2014-10-07T07:16:24","date_gmt":"2014-10-07T11:16:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=61510"},"modified":"2014-10-07T07:16:24","modified_gmt":"2014-10-07T11:16:24","slug":"fibonacci-retracements-analysis-07-10-2014-eurusd-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/fibonacci-retracements-analysis-07-10-2014-eurusd-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 07.10.2014 (EUR\/USD, USD\/CHF)"},"content":{"rendered":"
October 7, 2014<\/div>
\r\n<\/div><\/div>

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for October 7th<\/sup>, 2014<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

Eurodollar is still being corrected. Possibly, the price may try to test level of 38.2%. If it rebounds from this retracement, the market may start a new descending movement towards the group of lower fibo-levels.<\/p>\n

\"\"<\/p>\n

As we can see at H1 chart, temporary fibo-zones indicate that the price may soon reach the predicted targets at 1.2435 \u2013 1.2425. I\u2019ve got only one sell order right now; the stop loss on my yesterday\u2019s order worked. I\u2019m planning to increase my position as soon as the market resumes falling.<\/p>\n

\"\"<\/p>\n

USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/h2>\n

In case of Franc, the current correction deepens as well. Most likely, in the nearest future the price may test level of 38.2%. I\u2019ve placed a limit buy order a bit higher, with the stop loss below 61.8%. The target is still the group of upper fibo-levels.<\/p>\n

\"\"<\/p>\n

At H1 chart we can see that the price may reach a new local low during the next several hours. In addition to that, temporary fibo-zones indicate that the pair may reach the group of upper fibo-levels by Thursday. If the market rebounds from them, Franc may start a deeper correction.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for October 7th, 2014 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar is still being corrected. Possibly, the price may try to test level of 38.2%. If it rebounds from this retracement, the market may start a new descending movement towards the group of lower fibo-levels. As we can see at H1 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-61510","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=61510"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61510\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}