In fact, we are in a wave of motivation. We evaluate the downward movement
Euro index is approaching its resistance at 7.419 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 7.0073 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 89% where a corresponding bounce could occur....
our ago Euro index is approaching its resistance at 7.025 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce...
Euro index is approaching its resistance at 7.025 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Euro index is approaching its resistance at 7.025 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Euro index is approaching its resistance at 6.9504(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9159 (61.8% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur.
This is a possible reversal which i'm looking at, because the US index is going up, and the EUR index is going down but they are both approximating a resistance and support respectively i wont be entering the trade until further confirmation, which most likely would be seeing the rejection on the pair and the indexes.
Its a clear signal from the part that i round! i know a lot of people already hold long sell position from 1.1712 area from yesterday bull, this is a warning for small account that this market will go towards 1.18xxx area before the Big down or continue to 1.2, reason are pretty simple its because weaker usd are good for business and according to the previous...
EUR Basket made of 4 currency pairs is on a congestion of several supports and could breath a bit. Here are the supports: * Lower bound of the descending channel. * 50% level of the pullback * 23.6% level of the bigger picture impulsion. Elder impulse candle color changed from red to blue (before green?) on the daily chart. I also asked myself if we could see...