fibonacci level shows the downtrend levels clearly. eurust must fall down to 6.853 % . it is fortune!
based on fibonacci level brent oil is decreasing. it will touch the level 4.236 % (74.6 $) . the only resistance is 77.6 $. if it can pass 77.6 trend is changed to uptrend temporary.
fibonacci explain any movement in the nature an also people behavior. charts show the sentiment people have and fibo can explain tendencies they have. it must fall down because fibonacci says that.
sentiments in market has lots of energy that must release it. i fibonacci is the best tool to describe this release.