Wednesday, March 18, 2015

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


• 1.0579 micro term Fibonacci 38.2% retracement, calculated for the rising move from Friday’s 1.0462 to Tuesday's 1.0651. This level is only one single pip below today’s current daily low at the time of preparing this report.
• 1.0557: micro term Fibonacci 50% retracement, calculated for the rising move from Friday’s 1.0462 to Tuesday's 1.0651.
• 1.0534: micro term Fibonacci 61.8% retracement, calculated for the rising move from Friday’s 1.0462 to Tuesday's 1.0651.
• 1.0516: micro term 71.4% retracement, calculated for the rising move from Friday’s 1.0462 to Tuesday's 1.0651.
• 1.0489: micro term 85.7% retracement, calculated for the rising move from Friday’s 1.0462 to Tuesday's 1.0651.
• 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).

No comments:

Post a Comment