Monday, September 7, 2015

EURUSD (FIBER) SUPPORT TRENDLINE 07/09/2015 MONDAY

• 1.1111: 71.4 retracement for the recovery from Friday's low.
• 1.1066: 71.4% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.1017: Aug 18th daily low & short term bottom.
• 1.0960: Aug 10th daily low.
• 1.0936: 85.7% retracement level, calculated for the rising move from Jul 20th low 1.0807 to Aug 24th 7-month high 1.1712.
• 1.0893: Jul 29th daily low.
• 1.0847: Aug 4th daily low.
• 1.0807: Jul 20th bottom, which is extremely close to the rising trend line from March 12th 6-year low, on the daily chart. A very very important long term support.

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