EUR/USD Eyes Rebound Towards Key Pivot Points
Hello,
EURUSD pair has hit a new 1-year low at 1.02236. From this level, we can anticipate a potential rally towards the 1-month pivot point (1M PP) and the 1-year pivot point (1Y PP). Currently, there’s confirmation from the 1-day pivot point (1D PP) indicating upward movement towards the 1M PP. For further upside, the strong resistance at 1.03464 (1D level) must flip to support. Should the price break above the 1Y PP, it could signal significant bullish momentum.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURUSD pair has hit a new 1-year low at 1.02236. From this level, we can anticipate a potential rally towards the 1-month pivot point (1M PP) and the 1-year pivot point (1Y PP). Currently, there’s confirmation from the 1-day pivot point (1D PP) indicating upward movement towards the 1M PP. For further upside, the strong resistance at 1.03464 (1D level) must flip to support. Should the price break above the 1Y PP, it could signal significant bullish momentum.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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