Thursday, June 4, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 04/06/2015 THURSDAY

• 1.1374: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to May 27th one-month low 1.0819. Today's current high, which is a 17-day high, is only 6 pips above this level.
 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 (@ 1.1388). May 27th high is inside this area @ 1.1382.

No comments:

Post a Comment