Replies to post #811 on CURRENCY CENTRAL (fka )

[jon_e_og]

i use fibs in the shorterm as guides only, longterm trends are shifted by unpredictable marcoeconomic and geopolitcal variables and will usually invalidate normal fib support/resistance, on weekly chart you can see the type of support that was tested in the 1.19's and that level will be seen as very important to these big spec. players who hold huge leveraged positions and to those writing big PUTs in the options market whom would prefer to see that level hold and keep those options out the money...