Thursday, February 12, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 12/02/15


• 1.1330: the falling trend line from Monday's high.
• 1.1357: Fibonacci 38.2% retracement level for the falling move from Feb 5th high 1.1499 to Monday's low & probable Fibonacci bottom 1.1270. This level is only 5 pips above the "Greece-rally" top seen overnight.
• 1.1385: Fibonacci 50% retracement level for the falling move from Feb 5th high 1.1499 to Monday's low & probable Fibonacci bottom 1.1270.
• 1.1412: an important resistance level which combines the falling trend line from Feb 3rd top, with the Fibonacci 61.8% retracement level for the falling move from Feb 5th high 1.1499 to Monday's low & probable Fibonacci bottom 1.1270.
• 1.1434: 71.4% retracement level for the falling move from Feb 5th high 1.1499 to Monday's low & probable Fibonacci bottom 1.1270.
• 1.1466: 85.7% retracement level for the falling move from Feb 5th high 1.1499 to Monday's low & probable Fibonacci bottom 1.1270.
• 1.1499: Thursday’s daily high.
• 1.1534: Feb 3rd 13-day high.
• 1.1567: Jan 15th daily low.
• 1.1596: 85.7% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1639: Jan 19th daily high
• 1.1679: Jan 21st daily high.
• 1.1727: Jan 14th low.

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