EUR/USD Pivot Points Analysis - breakdown to S2 Pivot as the nearest bearish target

EUR/USD Pivot Points Analysis - breakdown to S2 Pivot as the nearest bearish target

6 November 2015, 12:11
Sergey Golubev
1
2 030

W1 price is located to be below yearly Central Pivot at 1.2665 and below S1 Pivot at 1.1337:

  • The price is on bearish breakdown for crossing 1.0896 support level and 1.0807 support level for S2 Pivot at 1.0672 as the next bearish target;
  • If weekly price will break 1.0807 support level from above to below on close weekly bar so the bearish breakdown will be continuing, otherwise the price will be ranging within S2 Pivot at 1.0672 and S1 Pivot at 1.1337;
  • If weekly price will break S2 Pivot at 1.0672 from above to below so the next bearish target will be 1.0461.

InstrumentS2 Pivot
S1 Pivot
Yearly PP
R1 Pivot
EUR/USD 1.0672
1.1337
1.2665
1.3329

Trend:

  • D1 - bearish breakdown
  • W1 - bearish breakdown
  • MN1 - ranging bearish
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