The UERO / USD rebounded last week on the futures medium at 1.1301 and today found resistance at 1.1445 level of 50% fibonacci retracement from the 1.0353 to 1.2555 rise and also the moving average 55.
The rise could continue but the upside potential remains limited by the resistance 1.1507 low limit of the consolidation range which lasted two months.
In the event of a decline, the short-term support break at 1.1301 would confirm the pair's downtrend and the next target would be the 61.8% fibonacci retracement level of 1.0353 to 1.2555.
PIVOT
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Pivot
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Woodie
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Fibonacci
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Camarilla
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Resistance
3
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1.15449
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1.15556
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1.14948
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1.14595
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Resistance
2
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1.14948
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1.15002
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1.14648
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1.14523
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Resistance
1
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1.14664
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1.14772
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1.14463
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1.14451
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Pivot
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1.14163
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1.14217
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1.14163
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1.14163
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Support 1
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1.13879
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1.13987
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1.13863
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1.14307
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Support 2
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1.13378
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1.13432
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1.13678
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1.14235
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Support 3
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1.13094
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1.13202
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1.13378
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1.14163
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