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Answer:
Fibonacci retracement levels could serve as good areas for setting entry orders especially if they line up with support/resistance levels. Traders usually focus on the 38.2%, 50%, and 61.8% level. Either of these levels could serve as possible retracement levels for the pair but you might have a better chance of catching the retracement around those levels that coincide with historical support/resistance, psychological round numbers, or previous highs/lows.
