I entered in previous trade too soon at 50.1 (well, not too soon, but things turned south) so I'll wait for some rise before trading this pair again. Here are some options.
We have some support in triangle between shorter trendline and 61% Fib level of the last rise. If this support will get broken, we have another one between longer support line and 78% Fib level. Last resort on downside is support around 40.5 EUR.
But if we manage to bounce from current level and break that 51-ish resistance, we could aim for 54 and 58 price levels.
If resistance won't get broken, we will probably trade inside ascending triangle between shorter trendline and resistance. In this case we'll have more information about future price levels - in the future ;)
We have some support in triangle between shorter trendline and 61% Fib level of the last rise. If this support will get broken, we have another one between longer support line and 78% Fib level. Last resort on downside is support around 40.5 EUR.
But if we manage to bounce from current level and break that 51-ish resistance, we could aim for 54 and 58 price levels.
If resistance won't get broken, we will probably trade inside ascending triangle between shorter trendline and resistance. In this case we'll have more information about future price levels - in the future ;)
