Wednesday, May 27, 2015

RESISTANCE TRENDLINE IN EURUSD (FIBER) 27/05/15 WEDNESDAY

 1.0940: yesterday's American session high.
• 1.0995: micro term Fibonacci 38.2% retracement, calculated for the drop from Friday’s high 1.1208 to yesterday's 1.0863.
• 1.1036: micro term Fibonacci 50% retracement, calculated for the drop from Friday’s high 1.1208 to yesterday's 1.0863.
• 1.1076: micro term Fibonacci 61.8% retracement, calculated for the drop from Friday’s high 1.1208 to yesterday's 1.0863.
 1.1109: micro term 71.4% retracement, calculated for the drop from Friday’s high 1.1208 to yesterday's 1.0863.
 1.1094: short term Fibonacci 38.2% retracement, calculated for the drop from May 15th 3-month high 1.1467 to yesterday's 1.0863.
• 1.1165: short term Fibonacci 50% retracement, calculated for the drop from May 15th 3-month high 1.1467 to yesterday's 1.0863.
• 1.1236: short term Fibonacci 61.8% retracement, calculated for the drop from May 15th 3-month high 1.1467 to yesterday's 1.0863.
• 1.1194 short term 71.4% retracement, calculated for the drop from May 15th 3-month high 1.1467 to yesterday's 1.0863.
• 1.1381: short term 85.7% retracement, calculated for the drop from May 15th 3-month high 1.1467 to yesterday's 1.0863. 
 1.1450: an important resistance, which has several daily extremes around it, among them Jan 15th low, Feb 12th, 16th & 18th daily highs. Thursday's high was only 5 pips below this level, while Friday's 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). Wednesday's 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). Wednesday's high is inside this area @ 1.1382.

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