Monday, March 16, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 16/03/15


• 1.0565: the falling trend line from Thursday’s high.
• 1.0599: micro term Fibonacci 61.8% retracement calculated for the falling move from Thursday’s high 1.0684 to Friday’s 12-year low 1.0462.
• 1.0621: micro term 71.4% retracement calculated for the falling move from Thursday’s high 1.0684 to Friday’s 12-year low 1.0462.
• 1.0678: short term 28.6% retracement calculated for the falling move from Mar 3rd daily high 1.1217 to Friday’s 12-year low 1.0462.
• 1.0713: short term Dow 33.3% retracement calculated for the falling move from Mar 3rd daily high 1.1217 to Friday’s 12-year low 1.0462.
• 1.0750: short term Fibonacci 38.2% retracement calculated for the falling move from Mar 3rd daily high 1.1217 to Friday’s 12-year low 1.0462.
• 1.0786: short term 42.9% retracement calculated for the falling move from Mar 3rd daily high 1.1217 to Friday’s 12-year low 1.0462.
• 1.0840: short term Fibonacci 50% retracement calculated for the falling move from Mar 3rd daily high 1.1217 to Friday’s 12-year low 1.0462.

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