Fibonacci Retracement
The 16/03/2015 the Euro Dollar slowed its fall (opened in 1.04701), and never again be there until the 12.03.2015 where he approached with record lows of 1.05168. Not without having had a maximum of 1.17140 on 24/08/2015.
So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily charts.
From there then, we can speculate as is the minimum that should go down this pair if wins the start of the European Union in England, but also allows us to speculate on the opposite scenario.
The pair is retreating between 0.618 and 0.5 levels.
So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily charts.
From there then, we can speculate as is the minimum that should go down this pair if wins the start of the European Union in England, but also allows us to speculate on the opposite scenario.
The pair is retreating between 0.618 and 0.5 levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.