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EUR/USD: below Yearly Central Pivot waiting for the bullish reversal or for the bearish to be resumed

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by , 02-20-2017 at 06:20 AM (1110 Views)
      
   
W1 price is located to be below yearly Central Pivot at 1.0984 and above S1 Pivot at 1.0352:

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  • 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.


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