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EURUSD Pivot Points Analysis - weekly bullish reversal
by
, 02-10-2016 at 02:55 AM (1022 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.
EUR/USD 1.0226 1.1101 1.1740
Trend:
- W1 - bullish reversal
Tags:
eurusd,
pivot points,
technical analysis
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