RESISTANCE TRENDLINE IN EURUSD (FIBER) 03/02/15
• 1.1361/76: the Fibonacci 61.8%/ & 71.4% retracement area, calculated for the drop from last Tuesday’s high 1.1423 to last Thursday’s low and probable Fibonacci bottom 1.1260. This level capped all recovery attempts after the FED’s meeting: Thursday's daily high 1.1368, Friday's daily high 1.1364, Monday's daily high 1.1362.
• 1.1400: 85.7% retracement, calculated for the drop from last Tuesday’s high 1.1423 to last Thursday’s low and probable Fibonacci bottom 1.1260.
• 1.1430: 57.1% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097. This level is only 7 pips above Jan 27th high.
• 1.1457: Fibonacci 61.8% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1513: 71.4% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1596: 85.7% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1679: Jan 21st daily high.
• 1.1400: 85.7% retracement, calculated for the drop from last Tuesday’s high 1.1423 to last Thursday’s low and probable Fibonacci bottom 1.1260.
• 1.1430: 57.1% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097. This level is only 7 pips above Jan 27th high.
• 1.1457: Fibonacci 61.8% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1513: 71.4% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1596: 85.7% retracement level, calculated for the falling move from Jan 21st high 1.1679 to Jan 26th 11-year low & probable termination point of wave (c) 1.1097.
• 1.1679: Jan 21st daily high.
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