RichieKTrading View on EURUSD
Using the pivot points as a technical tool to analysis the current market condition. Price tested the first resistance, came back to test the pivot point twice as support, no breakout which means buyers are still in control at the moment but waiting to see if price hit resistance (1) @1.12345 and reverse to go short on the pair,I see a trade setup and Target price for EURUSD for a sell @1.11757. If it breaks through the first resistance and test as support I see a long trade set up and Target Price @1.13205.
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