VasilyTrader

EURUSD: Fib.Analysis & Major Weekly Levels

Penjualan
FX:EURUSD   Euro / Dollar AS

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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