Friday, February 27, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 27/02/15


• 1.1240: micro term 28.6% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184.
• 1.1258: micro term Fibonacci 38.2% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184.
• 1.1282: micro term Fibonacci 50% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184.
• 1.1305: micro term Fibonacci 61.8% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184, which is also very close to the bottom of the previous intraday falling channel which can be drawn using Wednesday’s & Thursday’s highs.
• 1.1323: micro term 71.4% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184.
• 1.1350: micro term 85.7% for the falling move from yesterday’s high 1.1379 to the same day’s 1-month low 1.1184, which is also very close to the falling trend line from Wednesday’s high.
• 1.1400: the falling trend line from Feb 3rd top, which is the top of a very elegant 4-hour channel (illustrated on the attached chart).
• 1.1450: Feb 19th daily high.
• 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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