After On April 6 the Euro was reaching opposite to the Franco Suizo his maximum annual price in 1.32423, initiate a rally to the fall that has it now in an important zone of Support, as it explains later (to see attached graph).
Planning Fibonaci's setbacks (from 1.24999 to 1.32423), it is possible to estimate that the Euro, in his fall has tried and I rotate the levels of Support that correspond to 23.6 % and 38.2 % of Fibonaci.
Last Friday Euro hill his price in the level of 50 % of Fibonaci (yellow line), if respects his current Support, his following Resistance corresponds to 38.2 % of Fibonaci, in the value of 1.2958, which of exceeding might take it up to the zone of the 1.3070.
If it breaks the Support of 50 % of Fibonaci, the Euro might fall down before the Franco Suizo up to the zone of the 1.2785.
As additional information, the Indicator Stochastic is in Overbought zone, for what i thinks that the Current Support will be respected.
