CapMoore

Price Stalling By The Monthly Pivot Point

FX:EURUSD   Euro / U.S. Dollar
132 views
0
132 0
Price cleared the channel top with an impulsive move
and is now stalling by the confluence resistance at 1,15
(Yearly S1 & Monthly PP .) Since this is strong resistance
we might see a pause here until NFP release on friday.
Either way, the ultimate target of a rally has to be Monthly R1
since R1 should hold a retracement on higher timeframe
in a bearish trend .

Resistance:
Weekly R2 1,1590
Daily Kijun Sen /Fibo 1,1640/1,1660
Weekly R3/SMA200 1,1760-90
Monthly R1 1,1884

Support
Weekly R1/Daily PP 1,1440
Kijun Sen/Kumocloud 1,1385-95
Trendline
Weekly PP 1,1305
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out