EURUSD: Watching Support Levels in Upward Trend
Hello Everyone,
The EURUSD has experienced a significant upward surge recently! It's crucial to monitor the 1-year pivot point (PP) and daily PP/support levels to gauge how the price will respond to them. It's worth noting that the 1-year trend remains bearish, while the 1-month trend is currently neutral, and the 1-week trend is bullish. In essence, observing how the price behaves around the 1-year PP holds considerable significance, and it seems to have acted as a supportive factor thus far!
TradeWithTheTrend3344
The EURUSD has experienced a significant upward surge recently! It's crucial to monitor the 1-year pivot point (PP) and daily PP/support levels to gauge how the price will respond to them. It's worth noting that the 1-year trend remains bearish, while the 1-month trend is currently neutral, and the 1-week trend is bullish. In essence, observing how the price behaves around the 1-year PP holds considerable significance, and it seems to have acted as a supportive factor thus far!
TradeWithTheTrend3344