hey guys,
EURUSD is now very volatile and easily breaks daily structure resistances.
you may wonder when the market will stop.
here just by the means of fibs. and structure I found key resistance clusters to look at.
for drawing fib.levels I took major 2014-2015's bearish rally and 2017-2018's bullish rally.
1.16 - 1.18 is the first strong resistance cluster.
it is based on a price action of 2015/2016/2017/2018 and fib. levels of the above-mentioned impulses.
1.21 - 1.22 is the second resistance cluster.
it is based on a price action of 2017/2018 and fib.confluence of 0.5 and 0.786
1.245 - 1.26 is the third resistance cluster.
it is based on a 5 year's high and 618 of the major leg.
the market should at least stop within these levels and retracements will be highly probable.
trade only with a confirmation on lower time frames.
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