Thursday, March 5, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 05/03/15


• 1.1099: first important resistance which combines the falling trend line from Tuesday’s high, with the micro term Fibonacci 38.2% retracement calculated for the falling move from Tuesday’s high 1.1217 to today’s current low 1.1026.
• 1.1122: micro term Fibonacci 50% retracement calculated for the falling move from Tuesday’s high 1.1217 to today’s current low 1.1026.
• 1.1144: micro term Fibonacci 61.8% retracement calculated for the falling move from Tuesday’s high 1.1217 to today’s current low 1.1026.
• 1.1162: micro term 71.4% retracement calculated for the falling move from Tuesday’s high 1.1217 to today’s current low 1.1026.
• 1.1190: micro term 85.7% retracement calculated for the falling move from Tuesday’s high 1.1217 to today’s current low 1.1026.
• 1.1217: Tuesday’s high.
• 1.1245: Feb 27th high.
• 1.1279: Feb 20th low.

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