EURO TAGGED 11008 & NOW LOWER TO 10890... CONSOLIDATION!!!
Euro tagged 11008 then started it decline lower currently at 10890 S=10890-10855, this is a 50% from 10767-11008, price will consolidate within 10910-10940 , break out above then expect R= 10965-10985, break below 10890 expect lower support at 62%= 10860, 78%= 10825 & up to 88%=10790.
There are various price relation in effect from 10767 (see chart) at the 50% 10890 price can consolidate upto 10910-10940 or 10965-10985,break from either of these levels & below 10890 will target 10860-10790(62%-88%).
break out above 11000-11020= 11120(100%),11185(127%),11235(150%),11260(162%).
Price extension from 10767-11000= 10785(127%),11128(141%),11162(162%),11254(200%).
There are various price relation in effect from 10767 (see chart) at the 50% 10890 price can consolidate upto 10910-10940 or 10965-10985,break from either of these levels & below 10890 will target 10860-10790(62%-88%).
break out above 11000-11020= 11120(100%),11185(127%),11235(150%),11260(162%).
Price extension from 10767-11000= 10785(127%),11128(141%),11162(162%),11254(200%).
