EURUSD Resistance From Fibonacci and Trendline

Published June 11th, 2009 - 08:10 GMT
Al Bawaba
Al Bawaba

The EURUSD has run into resistance from a Fibonacci confluence / trendline resistance.  The 100% extension of 1.3914-1.4063/1.3943 is at 1.4092 and the 78.6% of the decline from 1.4150 is at 1.4096.  A line drawn off of the 6/5 and 6/10 highs slices through the spike high last hour as well.