{"id":64871,"date":"2014-12-08T09:35:09","date_gmt":"2014-12-08T14:35:09","guid":{"rendered":"http:\/\/countingpips.com\/?p=64871"},"modified":"2014-12-08T07:57:00","modified_gmt":"2014-12-08T12:57:00","slug":"fibonacci-retracements-analysis-08-12-2014-eurusd-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/fibonacci-retracements-analysis-08-12-2014-eurusd-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 08.12.2014 (EUR\/USD, USD\/CHF)"},"content":{"rendered":"
December 8, 2014<\/div>
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Article By RoboForex.com<\/a><\/span><\/strong><\/p>\n

Analysis for December 8th<\/sup>, 2014<\/p>\n

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

Eurodollar has tested the group of local fibo-levels near retracements 61.8% and decided not to continue this correction. In the nearest future, the price is expected to continue falling towards the lower targets defined earlier.<\/p>\n

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At the H1 chart, predicted targets are confirmed by several local retracements. Possibly, later the pair may rebound from them and start a more serious correction. So far, I\u2019m staying out of the market.<\/p>\n

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

During the market opening, Franc has reached a new high. The closest target is the group of upper fibo\u2011levels near 0.9880. If the price moves upwards a little bit more, I\u2019ll move the stop loss on my current buy order to breakeven.<\/p>\n

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As we can see at the H1 chart, inside the target area there are several local retracements in addition to the major ones, which make this area even more important. Also, we should note that if the market breaks this area, the pair may continue growing. In this case, I\u2019m planning to start buying again during the correction, which may follow.<\/p>

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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

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Article By RoboForex.com Analysis for December 8th, 2014 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar has tested the group of local fibo-levels near retracements 61.8% and decided not to continue this correction. In the nearest future, the price is expected to continue falling towards the lower targets defined earlier. At the H1 chart, predicted targets […]<\/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-64871","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64871","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=64871"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64871\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=64871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=64871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=64871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}