Monday, March 16, 2015

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


• 1.0515: the rising trend line from Friday’s 12-year low.
• 1.0487/95: the micro term Fibonacci 61.8% & 71.4% area calculated for the recovery from Friday’s 12-year low 1.0462 to today’s current high 1.0549.
• 1.0462: Friday’s 12-year low.
• 1.0454: the cyclical 71.4% retracement level, calculated for the enormous move from October 2000 all-time low 0.8220 to July 2008 all-time high 1.6038.
• 1.0419: a weekly close from Dec 2002.
• 1.0359: a weekly low from Jan 2003.
• 1.0333: a weekly high & a weekly low from Dec 2002 (the same down to the pip).

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