EURUSD Daily Pivot Points Analysis

6 hours ago

EURUSD Daily Pivot Points Analysis

Daily R3 - 1.0959
Daily R2 - 1.0892
Daily R1 - 1.0847
Daily Pivot Point - 1.0780
Daily S1 - 1.0735
Daily S2 - 1.0668
Daily S3 - 1.0624


✅Today's price stands at the Daily Pivot Point - 1.0780 without showing signs of bulls and bears.

📈A move above the Daily Pivot Point - 1.0780 can push the price to Daily R1 - 1.0847 but I don't see the price rising further for today.
From the Daily R1 - 1.0847 the price can move down again to the Daily Pivot Point - 1.0780

📉A move below the Daily Pivot Point - 1.0780 can push the price down to Daily S1 - 1.0735 but I don't see the price declining further for today.
From the Daily S1 - 1.0735 the price can move up again to the Daily Pivot Point - 1.0780

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A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets.
Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa.
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You may find more details in the chart!
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