Monday, June 1, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 2015 MONDAY

• 1.0967: today's current daily high, which is very close to the top of the falling trend channel from May 15th top.
• 1.1014: micro term Fibonacci 50% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1059: micro term Fibonacci 61.8% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
 1.1097: micro term 71.4% retracement, calculated for the drop from May 22nd high 1.1208 to Wednesday's one-month low 1.0819.
• 1.1143: short term Fibonacci 50% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1189: short term 57.1% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1219: short term Fibonacci 61.8% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1282 short term 71.4% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
• 1.1374: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to Wednesday's one-month low 1.0819.
 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. Thursday's high was only 5 pips below this level, while May 22nd 3-month high was 17 pips above this level.
 1.1501: medium term 42.9% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). Wednesday's high is inside this area @ 1.1382.
 1.1534: Feb 2nd daily high, which is the highest price seen in the past 3 months.
 1.1615: Jan 19th daily high.
• 1.1639: Jan 18th daily high.
 1.1675: medium term Fibonacci 50% retracement level, calculated for the drop Oct 15th 2014 top 1.2887 to Mar 13th 12-year low & probable bottom 1.0462 (@ 1.1388). Wednesday's high is inside this area @ 1.1382.

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