• 1.1247: micro term Fibonacci 38.2% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160. This level is 2 pips above Friday’s high & 7 above Monday's high.
• 1.1275: micro term Fibonacci 50% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1302: micro term Fibonacci 61.8% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1324: micro term 71.4% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160. This level is also very close to the falling trend line from Feb 19th top, which adds to its importance.
• 1.1356: micro term 85.7% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1389: Wednesday’s high, which is also very close to 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.
• 1.1275: micro term Fibonacci 50% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1302: micro term Fibonacci 61.8% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1324: micro term 71.4% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160. This level is also very close to the falling trend line from Feb 19th top, which adds to its importance.
• 1.1356: micro term 85.7% retracement, calculated for the drop from Wednesday’s high 1.1389 to yesterday's 1-month low & probable bottom 1.1160.
• 1.1389: Wednesday’s high, which is also very close to 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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