This is based on Trend lines on Long term. The crucial TL, has responded very well so far. It's on a correction mode before making a significant Long term Outlook.
1. 1.1160 is the Monthly support. Market did consolidate before it made a upper move. It will take a strong bear power to move below this level.
2. As i said in my previous post 1.1085 is the very...
1. 1.1085 is 23% fib given top 1.25 bottom 1.06
2.It is 38% fib of weekly range.Top 1.1820 bottom 1.06.
3. From history point, 1.1085 is played key role in deciding to stay above 1.10 or move below 1.10.
4. It consolidated before it made a strong movement either up or down.
This is based on daily. I have mentioned relevant information on the chart itself. The levels are based on fib retracement on monthly, weekly and daily.
Please kindly leave your comments.
This is based on daily. I avoided the panic move made during the early corona crisis to calculate the true FIB retracement.
It is perfectly aligned with the daily. I hope the information on the chart gives you more perspective on your analysis.
Please kindly leave you comments.
Trade safe and Stay Safe
Thank you
A month just finished with a crucial resistance and price level broke above and pushed the price to 1.09 -1.10 zone.
I believe you'll find the relevant analysis and information on the chart and kindly leave your comments.
This analysis is based on 4hrs.
EUR started from 1.0773, moved down up to 1.0725 and pulled back up and touched the crucial resistance 1.0828, and settled above the support of 1.0819. The crucial support in this move was 1.0780, which is FEB Monthly low. Market multiple times moved down below 1.0780 in the last 2 trading days and...
This is based on 4hrs. The key levels mentioned in the chart are SnRs based on HTF to LTF. Please kindly compare these levels with your's and i hope it'll provide clear picture.
Remember for bulls, the daily cannot close below 1.0883, which is monthly pivot. For Bears, the daily must close below 1.0840 - 1.0827.
Trade safe and Stay Safe
