Trendline from 2011 giving Support to form a bottom. 132.35 is a weekly Support from 1995. Red Lines in the Chart are potential S&R levels to take profit and entry if broken and retest.
A clear weekly and monthly close above 133.794, the 78.6 Fib, would be helpful for the bulls.
Break above 143.20 would confirm the 1460 Pips Double Bottom with target 157.80. Be...
Interesting US Dollar correction since March 2015. False breakout in December 2015 to the upside and in May 2016 to the downside.
Now, the upmove since the flase breakout to the downside corrected to the 61.8% Fibonacci Level and bounced.
Support and Resistance Levels in the Chart.
EUR/USD stopped near term fall at 1.11285, close to 61.8% Fibonacci Support Level of the upmove from March`s ECB low.
Trendline Support on Daily Close basis also comes in at around 1.1140.
Break below 1.1125 Support could test the outer Trendline, then 1.10565.
On the upside, Resistance levels are 1.11791 and 1.1210/20 area. Break through 1.1243 would target...
Brent is trading in the red Up-Trendchannel, currently testing the weekly 55 EMA which lays at the 50% Fibonacci Retracement at 48.37. Break through the 50% Fibonacci Retracement would target the 61.8 Fibonacci Retracement at 53.40. Resistance Levels in-between are 49.88, 50.85, 52.33.
The longterm Trend is down, but shorts should wait for a break below Trendchannel.
