{"id":8641,"date":"2010-04-19T08:55:37","date_gmt":"2010-04-19T12:55:37","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8641"},"modified":"2010-04-19T08:55:37","modified_gmt":"2010-04-19T12:55:37","slug":"forex-technical-analysis-eurusd-fibonacci","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/19\/forex-technical-analysis-eurusd-fibonacci\/","title":{"rendered":"Forex Technical Analysis \u2013 EUR\/USD Fibonacci"},"content":{"rendered":"<p><strong>By Russell, ForexYard<\/strong> &#8211; The dollar has significantly gained against the euro and has paused  in the recent downward trend at the support line which coincides with  the 23.6% Fibonacci retracement level on the 4-hour chart.<\/p>\n<p>The EUR\/USD made a sharp move lower  during Friday\u2019s trading and that move has continued into Monday\u2019s  European trading session.<\/p>\n<p>However, the pair has reached a technical barrier at the price of  1.3443. This is the 23.6% Fibonacci retracement level from a downward  trend that began on February 3rd.<\/p>\n<p>The EUR\/USD has encountered technical resistance at this support  level before. Following a failed breach of this price, the pair made a  move higher to1.3800.<\/p>\n<p>If the EUR\/USD makes a significant breach of the 1.3443 support  level, the pair could fall to the levels of the double bottom pattern  near the price of 1.3280.<\/p>\n<p>A failure to breach the support could send the pair back to the 38.2%  Fibonacci retracement level at a price of 1.3550.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/EUR_USD_4_HOUR1.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/EUR_USD_4_HOUR1.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                  Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                  may not be suitable for all investors. There is a       possibility      that     you   could sustain a loss of all of your       investment and      therefore  you     should  not invest money that  you      cannot afford to      lose. You  should  be    aware of  all  the    risks   associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell, ForexYard &#8211; The dollar has significantly gained against the euro and has paused in the recent downward trend at the support line which coincides with the 23.6% Fibonacci retracement level on the 4-hour chart. The EUR\/USD made a sharp move lower during Friday\u2019s trading and that move has continued into Monday\u2019s European trading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/19\/forex-technical-analysis-eurusd-fibonacci\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Technical Analysis \u2013 EUR\/USD Fibonacci&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8641","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8641"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8641\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}