EURUSD Fibonacci Support Resistance Zones: EU as of Jun 24

Zaktualizowano
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.

Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.

Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.

I will update as new zones are defined by upcoming Fibs.
Uwaga
Am looking to add to EU shorts.
Currently hoping for a EU rise to test my zone above again, for a possible short snapshot
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All shorts called on this chart were taken, closed with small profits.
Hoping to catch 'the' short that survives to add to my long term short collection.
EURUSD looking for bounce to short more: EU scalp idea
Uwaga
Picture prefect move.
Dropped from a double zone of reistance to first zone of support EXACTLY.
The bounce is not impressive, am thinking it will likely head to the next zone lower
snapshot
Uwaga
Wee bit of a bounce as expected.
Now watching the red zone between .236 and .382 retrace.
The .618 was already tested, so would be surprised to see it get that high.
snapshot
Uwaga
ruh roh, EU bout to step off the cliff?
s3.amazonaws.com/tradingview/snapshots/o/O7JjresN.png
Uwaga
I aint ded yet!
EU bulls holding the line.
If they get back up to the red zone, will short down to at least the .236 extension below.
snapshot
Uwaga
Looks like another 20 pips drop imminent before US open.
snapshot
Uwaga
If EU cuts through this .618 extension of recent move, AND the longer term zones below, it is in SERIOUS trouble.
s3.amazonaws.com/tradingview/snapshots/m/Ma3VVyPy.png
Uwaga
Picture Perfect.
Even massive momentum can help but react at each zone/line.
snapshot
Uwaga
Next week give us a huge short?
This might be a setup to watch for.
There is a lot of support at 1.15, so I think it will need a good retrace (618 ideally) to build momentum to break all those bands around 1.1.5.
But once those break, it will be a long ride down.
Thus, catching a bounce at 1.162 and ride down to 1.144 would be the goal.
snapshot
Uwaga
Still hoping for 1.162 to short, but 1.160 zone looks to have rejected.
Not a strong rejection yet, but clearly the zones were noticed.
Might fomo a short here soon.
snapshot
Uwaga
15min snapshot of price action since originally posted:
snapshot
Am updating some zones based on price action since, will post new Idea with updated zones soon.
Uwaga
Nice ping. Zones still look accurate. snapshot
Uwaga
TV ideas stop playing after some time. So here is an overview and interesting price action zones.

Firstly, on a 4 hour chart, the yellow circled area is of great interest snapshot

Closer on a 1 hour, three bands show 3 diff functions snapshot

Another area in 15 min, showing candle highs/lows compared the calculated line prices: snapshot

And finally, a 1 h NFP candle, stopped within .06 PIPS snapshot
Uwaga
These zones are still in effect. Here is the entire chart since this was posted. All zones in this pis are on the live chart above snapshot
EUeuroEURUSDFibonacciSupply and DemandSupport and Resistance

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