Euro / U.S. DollarShort
Sustained Downside
Pivot Points assist in determining Support and Resistance levels. According to marketkolor.com, EURUSD has closed below it’s pivot point on 3 consecutive sessions. This increases conviction that the current price action is not sustainable with possibly more downside. Look for further closes below subsequent pivot points as further confirmation of strength to the downside.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.