EUR- In-depth analysis and trading advice!

gestern

EUR- In-depth analysis and trading advice!

After testing the first Daily S1 at 1.0878, the price bounced back to the Daily Pivot Point near 1.0897.

If the bullish momentum continues, immediate resistance could be found near the Daily R1 and Daily R2, which might push the price back down to the Daily Pivot Point? 1.0897.

If the price founds enough resistance near the Daily Pivot Point it can also take a pause where it is now or it can test Daily S1 and Daily S 2 again.

Considering that the economic calendar is empty the volume is not high the odds are that the price may continue to respect the Daily Pivot Points for Intraday Trading

EURUSD - Daily Pivot Points

Daily R3-1.0948
Daily R2-1.0932
Daily R1-1.0913
Daily Pivot Point - 1.0897
Daily S1-1.0878
Daily S2-1.0862
Daily S3-1.0843