Wednesday, June 17, 2015

SUPPORT TRENDLINE IN EURUSD (FIBER) 17/06/2015 WEDNESDAY

• 1.1238: today’s current daily low, which also very close to the bottom of the intraday channel which can be drawn from Friday’s low (bottoms first).
 • 1.1220: the rising trend line from June 5th low.
• 1.1145: micro term 71.4%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386. Jun 5th low was only 6 pips above this key level. This level is also very close to the rising trend line from May 27th bottom, which adds to its importance.
• 1.1103: short term Fibonacci 50%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.1096: micro term 85.7%, calculated for the rising move from Jun 5th low 1.1048 to Jun 10th 3-week high 1.1386.
• 1.1036: short term Fibonacci 61.8%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0981: short term 71.4%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
• 1.0918: June 2nd low.
 1.0900: short term 85.7%, calculated for the rising move from May 27th low 1.0819 to Jun 10th 3-week high 1.1386.
 1.0886: June 1st low.

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