EuroMotif

EUR.USD nearing a BIG Picture Support: 1.10750 fated in 2014

FX:EURUSD   Euro / U.S. Dollar
Plotted is a fib on the Weekly, defining the entire drop from May of 2014 !!
This fib series has accounted for many of the peaks and lows for 6 years now.
Every time it approaches one of these lines, I am extra cautious but excited.

It is now approaching the bottom boundary of the current band in control.
Bulls need to establish the 7.618 as support, or face the next band lower.
Sure it was breached before but this is bulls last chance to "stick the landing".

Being a weekly chart, it will NOT actually "play" until a few days from now.
But I wanted to put this out to ALERT of the importance of this price line.
Such high tf fibs do not always act exactly, but they have a LOT of gravity.

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See some of my previous EUR.USD plots below
I also plot Crypto and some Stocks, check my Profile Page.

1.125 Short call (still in play!!)
1.120 Resistance Map
1.119 Bounce Plot (better than expected)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top a year ago)


Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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