EURUSD Daily Pivot Points Analysis

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EURUSD Daily Pivot Points Analysis

EURUSD is trading above the Daily Pivot Point at 1.0807, favoring a bullish movement. The first resistance is near Daily R1 at 1.0833. If the bullish volume increases, EURUSD may rise to Daily R2 at 1.0853.

Given that today's economic calendar is empty, EURUSD may or may not test Daily R1 at 1.0833 and could move down to the Daily Pivot Point at 1.0807. It could repeat this pattern from Daily R2 as well. If the price falls below the Daily Pivot Point at 1.0807, it might develop the bearish scenario indicated in red on the chart.

📣EURUSD - Daily Pivot Points

Daily R3 - 1.0878
Daily R2 - 1.0853
Daily R1 - 1.0833
Daily Pivot Point - 1.0807
Daily S1 - 1.0787
Daily S2 - 1.0762
Daily S3 - 1.0741

You may find more details in the chart!
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