Rooms for Uptrend purpose

I think the most important level is the third room floor at 13405

This will be the gate to reach more level toward 136 as per above chart

Now the Euro stand and CLOSE bellow 13350 which is fibo 72%  golden ratio to push down it to 

13165 the floor of this room (no.2)

also in daily frame euro made pattern of Three white soldiers pattern 

and this pattern calls euro to make correction toward 13090-13103

So as a result and conclusion :

Euro pair will face tow important figure 13350 and 13405

Euro will face two very important points

Euro will face two very important points

The two who will determine the starting of the euro
As for the bullish trend
Or downward trend

weekly close under 13350 fibo 72% of top 13859

and under 13405 fibo of top 14247

that reason invited us to think that correction will start and push the euro to make

new downtrend toward 129 area particularly the target of last correction ended before touching this zone

and this is the third reason wich make us think about correction before any fly 

to complete the pattern of head and shoulder on weekly frame and reach 140 zone

so we should focus on 13350 then 13405 , if any breaking and close daily and weekly above

it lead us make buy .


Is the zone 13350-13405 strong

this is the question that should be answered  before

I think it is strong enough to push down the euro again before any think to reach 140 

(Complement the head and shoulders pattern on weekly frame)

This zone is:

13350 Fibo 72% of Top 13859
13369 Fibo 50% of Top 14696
13405 Fibo 61.5% of Top 14247
13296 Fibo 50% of Top 14549

FARES SHANAB