EUR/USD Fibonacci extention down 28.05.2015 Short

Euro Fx/U.S. DollarFXCM

Description

⋅ May 28, 2015 9:42 AM

I think price has pierced 61% of Fibonacci from lows in March 13-16 to highs in May 15. Now going down in second Fibonacci extention down price got into correction of last lows to lows at Fibonacci 50%. Good entrance point for short.

Comments

gizzmah

⋅ May 28, 2015 9:46 AM

i agre only it will first tuch 1.096 ,by my opinion

venckusarunas

⋅ May 29, 2015 7:31 PM

thank you for reply. Unfortunately price made a move of only 70 pips from 50%. and had broken 61%, what could cause further bullish move to ~1.105