a17nphotography

A Strong Resistance ?

Short
FX:EURUSD   Euro / U.S. Dollar
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6
From the chart above we can see that 3 Fibonacci Retracement key levels are almost in the same price level. To my perspective this will provide a strong resistance and there's a possibility for the pair to do a pull back targeting 1.2750.

Some Analysts points :

- EUR/USD Gunning for 1.50 (Kathy Lien)
- EUR/USD next target at 1.3287 (ProAct Traders)
- EUR/USD Consolidation or pullback likely (Chris Capre)

To me this pair may still go ranging around 1.3000 - 1.3200 in short term basis.

Comments

i found your fibo line drawing method is totally different from mine,,
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Maybe just because I need to see "where" the price will move, that will decide how I will draw the Fib. from top or from bottom
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Agreed.
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Agreed.
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Agreed.
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Agreed.
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Agreed.
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Agreed.
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Very strong :)
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