FX.co ★ EUR/USD

A look at EURUSD through Fibonacci numbers. On the time frame of yesterday’s trading day, I set a Fibonacci grid anchored to the Daily high, which corresponds to the 100 level – 1.15491. The lower Fibonacci level 0 – 1.15303 touches the Daily low. From this placement of the Fibonacci grid, levels and zones are projected that allow me to perform technical analysis. At the moment the current price 1.15429 is within 100 – 1.15491 and 50 – 1.15397 on the Fibonacci scale. Thus, buying pressure prevails. I’m considering buys from the levels 50 – 1.15397, 61.8 – 1.15419, 76.4 – 1.15447. I will hold positions towards the levels 123.6 – 1.15535 or 138.2 – 1.15563. I may partially close some orders and move the rest to breakeven. Bears will show themselves when price exits the bullish range, below which I will flip to selling on a pullback to the zone 50 – 1.15397 and 100 – 1.15491 from the opposite side. Take-profits for sells are known to me; they are at -23.6 – 1.15259 or -38.2 – 1.15231.