EUR/USD Pivot Points Analysis - breaking the second support level for S3 Pivot at 0.9344 as the next bearish target

EUR/USD Pivot Points Analysis - breaking the second support level for S3 Pivot at 0.9344 as the next bearish target

20 November 2015, 12:11
Sergey Golubev
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1 877

W1 price is located to be below yearly Central Pivot at 1.2665 and below S1 Pivot at 1.1337. The price is breaking S2 Pivot at 1.0672 on open weekly bar for the bearish trend to be continuing with S3 Pivot at 0.9344 as the real bearish target:

  • The price is on bearish breakdown for crossing S2 Pivot at 1.0672 from above to below.
  • If weekly price will break 1.0672 support level so the primary bearish market condition will be continuing up to S3 Pivot at 0.9344 as the real bearish target as the new 'bottom' in this situation, otherwise the price will be ranging within the levels.


InstrumentS3 Pivot
S2 Pivot
S1 Pivot
Yearly PP
R1 Pivot
EUR/USD 0.9344
1.0672
1.1337 1.2665
1.3329

Trend:

  • W1 - bearish breakdown
  • MN1 - bearish breakdown
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