Monday, March 9, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 09/03/15


• 1.0888: an important level which combines the highest price seen after the payrolls number, with the falling trend line from Thursday’s high, and the bottom of the falling channel which can be drawn using the daily highs for Tuesday & Thursday of last week (the red channel on attached chart #2).
• 1.0930: micro term Fibonacci 50% retracement calculated for the falling move from Thursday’s ECB-top 1.1114 to today’s 12-year low & potential Dow bottom 1.0817.
• 1.0966: micro term Fibonacci 50% retracement calculated for the falling move from Thursday’s ECB-top 1.1114 to today’s 12-year low & potential Dow bottom 1.0817.
• 1.1001: micro term Fibonacci 61.8% retracement calculated for the falling move from Thursday’s ECB-top 1.1114 to today’s 12-year low & potential Dow bottom 1.0817.
• 1.1029: micro term 71.4% retracement calculated for the falling move from Thursday’s ECB-top 1.1114 to today’s 12-year low & potential Dow bottom 1.0817.
• 1.1072: micro term 71.4% retracement calculated for the falling move from Thursday’s ECB-top 1.1114 to today’s 12-year low & potential Dow bottom 1.0817.
• 1.1114: Thursday’s ECB-top.

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