EUR/USD: below Yearly Central Pivot waiting for the bullish reversal or for the bearish to be resumed
by
, 02-20-2017 at 06:20 AM (1121 Views)
W1 price is located to be below yearly Central Pivot at 1.0984 and above S1 Pivot at 1.0352:
- the price is on bearish ranging within pivot level at 1.0984 and the first support level at 1.0352;
- the price is breaking trend line to below for the 1.0352 support level as a nearest weekly bearish target;
- if weekly price breaks Central Pivot at 1.0984 to above so reversal of the weekly price movement to the primary bullish market condition will be started;
- if weekly price breaks S1 Pivot at 1.0352 to below so primary bearish trend will be resumed.