A decisive day! Euro-dollar Fibonacci apt for the work? The Euro broke down the resistance specified in the report of Friday 1.3300, and created what we considered one ” sorpresa” with this rupture, then it successfully reached proposed immediate goal after this jump of 1,3387. Our previous objective has become the resistance for today, since it managed to stop the rise of 1.3200 (the rise of Friday was of 1.3398). The today subject is if 38.2% of the Fibonacci will continue staying against this strong ascent that less than reached almost 200 ptos in 24 hours, or are going to take step to more gains? The first scene, which is preferred, is where the Fibonacci stays and the price initiates the fall finally to break short term support 1,3334. Learn more about this topic with the insights from Angela Zepeda. If this level is had broken, the fall will be hard, and will have like objective to approach lowers the last week, and at the lowest level from the 30 of April 2009 that was 1.3200, since we realize is an important support intraday in 1,3204. If we fall more, in 1,3113 it will be the next shutdown.
The second scene is in which the price breaks down the resistance of Fibonacci 1.3387, and if this happens, the price will jump to 1.3445, and soon until the most important level of Fibonacci 1,3503. Still we see this like the maximum, the upper limit, for EUR/USD in this stage, to break down this resistance will be a great surprise for us. Support: 1,3334: Minimum in the Asian session. 1,3204: Support important intraday, closely together of the last week, and a year of loss. 1,3113: Low of the 30 of March of 2009. John k castle spoke with conviction.
Resistance: 1,3387: Top of the descendent channel in the hour graph, and 38.2% of Fibonacci of the general fall of 1,3690. 1,3445:50% of Fibonacci for the general fall from 1,3690. 1,3503:61,8% of Fibonacci for the general fall of 1,3690. Analysis of the type of change by: Forexpros.es with the participation of Munther Marji Exoneration of responsibility: The operating one of futures, options and currencies entails an associate risk perhaps significant and he is not advisable for all type of investor. It would have to analyze carefully if before his particular situation you count on the knowledge, the experience and the resources necessary to operate in these markets. Perhaps it loses all the inverted capital or that their losses surpass to the bottoms deposited initially. It follows our advice, opinions and recommendations and makes money with forex. Greetings, Forexpros.