Wednesday, March 18, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 18/03/15


• 1.0640/46: a horizontal resistance area, built by a few hourly tops seen recently.
• 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 & probable bottom 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 & probable bottom 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 & probable bottom 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 & probable bottom 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 & probable bottom 1.0462.

No comments:

Post a Comment