Hi Traders!
Please see our calculated Vector levels to watch out for this week on the EURUSD 1D chart:
VECTOR RESISTANCE 1 - 1.08047
VECTOR RESISTANCE 2 - 1.09298
VECTOR SUPPORT 1 - 1.06352
VECTOR SUPPORT 2 - 1.05161
We currently have a support bounce after hitting the 78.6 Fibonacci (marked 'C' on the chart) retracement level (which also lines up with our Vector 1 support) from the 'A' to 'B' swing (also drawn on the chart).
Resistance was found near our Vector resistance 1 at 1.08047, so now we wait to see if we retest the 78.6% Fibonacci level/Vector support 1 for a possible push further down to Vector support 2 at 1.05161, or if we retest Vector resistance 1 again to see if there is potential for a push towards the Vector resistance 2 at 1.09298.
We will notify you of any progress as soon as possible when we see any key market updates.
Please do not forget to like, comment and follow.
Thank you for your support.
BluetonaFX
Please see our calculated Vector levels to watch out for this week on the EURUSD 1D chart:
VECTOR RESISTANCE 1 - 1.08047
VECTOR RESISTANCE 2 - 1.09298
VECTOR SUPPORT 1 - 1.06352
VECTOR SUPPORT 2 - 1.05161
We currently have a support bounce after hitting the 78.6 Fibonacci (marked 'C' on the chart) retracement level (which also lines up with our Vector 1 support) from the 'A' to 'B' swing (also drawn on the chart).
Resistance was found near our Vector resistance 1 at 1.08047, so now we wait to see if we retest the 78.6% Fibonacci level/Vector support 1 for a possible push further down to Vector support 2 at 1.05161, or if we retest Vector resistance 1 again to see if there is potential for a push towards the Vector resistance 2 at 1.09298.
We will notify you of any progress as soon as possible when we see any key market updates.
Please do not forget to like, comment and follow.
Thank you for your support.
BluetonaFX
