Forex EUR/USD Daily Video, September 23, 2020

[Sive Morten]

Good morning,

EUR meets support, similar to GBP that we've discussed yesterday. Thus, in the nearest term odds suggest some pullback from current area:

 

[srodelo]

Good morning, I have a doubt, I apologize if it is due to my lack of knowledge of the indicators used, on the daily chart we have "(1) 1.11680 T" which I think is a Fibo until 1.20105, and what I don't understand is the value of 50% of Fibo, "(5) 1.14900 T" because the Fibo that I draw on my MT4 the 50% = 1.15882

Thank you, and good work, I really appreciate the effort in your analysis, they are gold for me.

 

[Sive Morten]

Good morning, I have a doubt, I apologize if it is due to my lack of knowledge of the indicators used, on the daily chart we have "(1) 1.11680 T" which I think is a Fibo until 1.20105, and what I don't understand is the value of 50% of Fibo, "(5) 1.14900 T" because the Fibo that I draw on my MT4 the 50% = 1.15882

Thank you, and good work, I really appreciate the effort in your analysis, they are gold for me.

Hi Srodelo, "5" means not 50% but 5/8 Fib support. This is 0.618 level.