![EURUSD Pivot Points Analysis - ranging bearish between S1 Pivot and S2 Pivot levels EURUSD Pivot Points Analysis - ranging bearish between S1 Pivot and S2 Pivot levels](https://c.mql5.com/6/678/splash-645540-1438256675.png)
EURUSD Pivot Points Analysis - ranging bearish between S1 Pivot and S2 Pivot levels
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
W1 price is trending between S1 Pivot at 1.1337 and S2 Pivot at 1.0672 with Central Pivot at 1.2665:
- The price is on bearish ranging between pivot levels at 1.1337 and 1.0672;
- The price is breaking descending triangle pattern with 1.0807 support level for the bearish to be continuing;
- If weekly price will break S1 Pivot at 1.1337 so we may see the local uptrend as the secondary market rally within the primary bearish market condition;
- If weekly price will break S2 Pivot at 1.0672 from above to below so the primary bearish will be continuing up to 1.0461 as the next target in this case.
Instrument | S2 Pivot | S1 Pivot | Yearly PP | R1 Pivot |
---|---|---|---|---|
EUR/USD | 1.0672 | 1.1337 | 1.2665 | 1.3329 |
Trend:
- D1 - ranging bearish
- W1 - ranging bearish
- MN1 - ranging bearish