3 September EURUSD Fibonacci + Heatmap Analysis (updated)

185
EURUSD is on a downtrend
High@27-08-2015 06:00:00
Low@28-08-2015 15:00:00

01-09-2015 21:00:00 open price was at 96% probability to go down line
The pair so far retraced to Fibonacci 0.764 level which corresponds to 96% probability to move down
The pair moved to Fibonnaci 0.382 which now has a probability of 75% of moving up
The pair broke below Fibonacci 0.382
The pair currently is heading to Fibonacci 0.236 level which has a probability to 92% to move up

A break below the support area around 94% to go up line @1.12003 and 98% to go up line @1.11821 would indicate further continuation of the downtrend move to Fibonacci 0.0 level and probably to Fibonacci extensions.

A break out of the channel above 94% to go up line would indicate a swing between 94% line and 50% line

50% up / down probability line is @1.2545

Current status: moving inside the channel for a bearish outlook

Comments are greatly appreciated, please share your ideas with me in the comments section :)

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.