If we watch the monthly chart we can see Euro currency index is in a strong downtrend since the Great Recession.
The price now arrived to a support zone which is the 100. In my opinion it's a psychological support/resistance level, cause 100 is a whole number. At this point the price can go upward to the downtrend line, which location is at Fibonacci's 23,6% support/resistance. On the monthly chart we can see when the price arrived to a support zone and start going upward, its gone on the same formation(I marked on the charts). If this formation will repeats, the price will going up to Fibonacci's 38.2% resistance and fall down to 23,6%, then going up to the monthly downtrend line.
The price now arrived to a support zone which is the 100. In my opinion it's a psychological support/resistance level, cause 100 is a whole number. At this point the price can go upward to the downtrend line, which location is at Fibonacci's 23,6% support/resistance. On the monthly chart we can see when the price arrived to a support zone and start going upward, its gone on the same formation(I marked on the charts). If this formation will repeats, the price will going up to Fibonacci's 38.2% resistance and fall down to 23,6%, then going up to the monthly downtrend line.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.