Tuesday, June 16, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 16/06/2016

• 1.1282/95: Fibonacci 61.8% / 71.4% for the drop from today's current high 1.1329 to its current low 1.1239.
• 1.1319: 71.4% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151. 
• 1.1352: 85.7% retracement level calculated for the falling move from Wednesday’s top 1.1386 to Friday's low 1.1151.
• 1.1380/92: an important resistance area which includes within these 12 pips 4 daily highs: May 7th daily high 1.1392, May 13th daily high 1.1383, June 4th daily high 1.1380 & Wednesday’s high 1.1386.
• 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. 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). May 27th 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.

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