#eurusd - Between P-Y and P-Q
Hello fellow traders,
since EURUSD did not overcome the Yearly Pivot, it has been showing now, that for now it is accepting the Quarterly Pivot as temporary support.
The white area you see is a historical area, where EURUSD does often accumulate. As this could be a retest of the falling c-c trend line, this levels have to be watched carefully until it either breaks up
the Yearly Pivot, or breaks down the dotted yellow fractal lead line and the P-Q.
As usual I have marked all important upcoming levels for you.
At current price, EURUSD is maximum a hold (we have slightly increased bullish odds here).
For scalpers this means, you would look out for both directions to trade. No reason to give one side a huge overweight at the moment.
Neru
since EURUSD did not overcome the Yearly Pivot, it has been showing now, that for now it is accepting the Quarterly Pivot as temporary support.
The white area you see is a historical area, where EURUSD does often accumulate. As this could be a retest of the falling c-c trend line, this levels have to be watched carefully until it either breaks up
the Yearly Pivot, or breaks down the dotted yellow fractal lead line and the P-Q.
As usual I have marked all important upcoming levels for you.
At current price, EURUSD is maximum a hold (we have slightly increased bullish odds here).
For scalpers this means, you would look out for both directions to trade. No reason to give one side a huge overweight at the moment.
Neru
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