The slide in the Euro currency (EURUSD) may be coming to an end.
That’s because the EURUSD is nearing important yearly pivot support.
Expect strong support to show up soon at the $1.16 – $1.1477 Yearly Pivot Points. That will complete a Pivot Price Pattern from the YearlyR1 Pivots.
I’m expecting a bounce here.
That said, longs off this area would want the lower end of this support zone around 1.14 to hold.
Computer algorithms like to move price from one pivot point to another pivot point.
Euro (EURUSD) Trading Chart with Yearly Pivots
Learn more about these key price pivots at on Pivotal Pivots or catch me on Twitter.
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The author may have a position in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
