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Chart of the Day - EURUSD trading at the Major Pivot Point!
Here are today’s directional views from our market research desk! These can be starting points for your own research to identify opportunities that suit your trading charts and trading style. Like what you see? Feel free to forward this to a friend!
Please note that the analysis presented in the charts below should not be considered investment or trading advice. They are for educational purposes only and you should consider seeking advice from an independent financial advisor.
Trade Insights – EUR/USD
The chart shows Viable long positions above the Major Pivot Point at 1.018, with the first target of the Key Resistance Level at 1.042 and after Consolidation above the Pivot, further long positions towards the Resistance Zone at 1.056 to 1.058.
Alternatively, Short positions below the Major Pivot Point at 1.018 with the target to head towards the Key Support Level at 1.000 and then towards the Support Zone at 0.9900 to 0.9880
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