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EURO / US Dollar - Near golden ratio

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FX_IDC:EURUSD   Euro / U.S. Dollar
Updated.
  • Crossing above orange dashed line is a possibility to retrace further to 0.786, yet it plays role of local resistance when price touches it.
  • Crossing below red line is a sign of reversal of the trend.
  • Space between red and green area is a demand zone on lows and supply at highs.
Psychological level is 1.18224. Be cautious at levels inbetween 0.618 and 0.786 colored yellowish. Indicator confirms the set.
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