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EURUSD Pivot Points Analysis - weekly bullish reversal

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by , 02-10-2016 at 02:55 AM (1037 Views)
      
   
W1 price broke yearly Central Pivot at 1.1101 on close weekly bar for the bullish reversal. The price is crossing 1.1247 resistance for now for the bullish market condition to be continuing.

If W1 price will break 1.1247 resistance level on close bar so the bullish reversal will be continuing.
If not so the price will be on bearish ranging within the levels.

Instrument
S1 Pivot
Yearly PP
R1 Pivot
EUR/USD 1.0226 1.1101 1.1740

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Trend:

  • W1 - bullish reversal

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