A decisive day! Dollar Fibonacci suitable for work? The euro broke the resistance specified in the report on Friday 1,3300, and created what we consider a surprise with this breakdown, then successfully reached the first objective proposed for this leap of 1,3387. Our previous goal has become the resistance for the day, since he managed to stop the rise of 1,3200 (the Friday rise was of 1,3398). Today’s topic is if the Fibonacci 38.2% will continue to maintain against this strong rise which reached almost 200 PTS in less than 24 hours, or going to give way to more profit? The first scenario, which is preferred, is where there is the Fibonacci and price starts falling to finally break the support short-term 1,3334. If this level is broken, the fall will be hard, and will aim to bring low the week past, and to the lowest level since April 30, 2009 that was 1,3200, since we are aware of there is an important intraday in 1,3204 support. If more, fall into 1,3113 It will be the next stop. The second scenario is that the price breaks the 1,3387 Fibonacci resistance, and if this happens, the price will jump to 1,3445, and then to the most important level of Fibonacci 1,3503.
We still see this as the maximum, the upper limit for the EUR / USD at this stage, breaking this resistance will be a great surprise for us. Support: 1,3334: minimum in the Asian session. 1,3204: Support important intraday, very close last week, and a year’s low. 1,3113: Low on March 30, 2009. Resistance: 1,3387: top of the downstream channel in the hourly chart and 38.2% Fibonacci of the general fall of 1,3690. 1,3445: 50% of Fibonacci numbers to the overall fall from 1,3690.
1,3503: 61.8% Fibonacci sequence for general fall of 1,3690. Analysis of the type of change by: Forexpros.es with the participation of Munther Marji Exoneracion: operations of futures, options and foreign exchange carries a risk associated significant and may not be advisable for all types of investor. You should carefully analyze if your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You can lose all the capital invested or that their losses exceed the funds initially deposited. Follow our advice, opinions and recommendations and make money with forex.