Thursday, February 26, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 26/02/15


• 1.1374: an important resistance which combines the falling trend line from Thursday’s daily high, with the micro term 71.4% calculated for the drop from yesterday's high 1.1389 to the same day's low 1.1336. This level was tested with amazing accuracy earlier today, when the price topped one single pip below it.
• 1.1389: Yesterday's high & top.
• 1.1429: Friday’s high.
• 1.1466: 85.7% retracement level for the falling move from Feb 5th high 1.1499 to Feb 5th low & probable Fibonacci bottom 1.1270.
• 1.1499: Feb 5th 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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