EURCHF Price Dynamics: Pivot Point Analysis
Hello Everyone,
If EURCHF fails to cross and securely hold above the weekly and daily pivot points (PP), there's a likelihood of another attempt to test the monthly pivot point. Historically, this level has proven to be supportive.
Currently, sellers are significantly active, aiming for a price decrease, potentially targeting the yearly pivot point. Yet, recent price movements indicate that the monthly pivot point has provided substantial support for potential upward movement.
TradeWithTheTrend3344
If EURCHF fails to cross and securely hold above the weekly and daily pivot points (PP), there's a likelihood of another attempt to test the monthly pivot point. Historically, this level has proven to be supportive.
Currently, sellers are significantly active, aiming for a price decrease, potentially targeting the yearly pivot point. Yet, recent price movements indicate that the monthly pivot point has provided substantial support for potential upward movement.
TradeWithTheTrend3344