EURUSD Daily Pivot Points Analysis

1 Kas

📣EURUSD Daily Pivot Points Analysis

Daily R3 - 1.0944
Daily R2 - 1.0916
Daily R1 - 1.0900
Daily Pivot Point - 1.0872
Daily S1 - 1.0856
Daily S2 - 1.0828
Daily S3 - 1.0812

Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut.

However the support and resistance zones can be used for pullback trading.
Scenario_1 - if EURUSD moves up it may rise up to Daily R3 - 1.0944 and from that zone it can move down to Daily R2 - 1.0916; Daily R1 - 1.0900 and Daily Pivot Point - 1.0872

Scenario_2 - if EURUSD moves down it may test Daily S3 - 1.0812, from the aggressive volume and from that zone it may rise Daily S2 - 1.0828; Daily S1 - 1.0856 and Daily Pivot Point - 1.0872

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

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🚨EURUSD
After the US reported for Nonfarm Payrolls an increase of only 12K the market reacted against the USD.

However we must be careful. If we observe carefully EURUSD increased by only 50 pips so far which is not so normal for EURUSD under these conditions.

This is a clear sign that the market is not ready to move against the USD and is waiting for the US Elections Results.
Be careful as it can also move down again now that we least expect it.

Meanwhile the price found a strong resistance near Daily R1 1.0900. If the price manages to break through Daily R1 then the next target will be Daily R2-1.0916 and Daily R3 - 1.0944

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📣EURUSD - Daily pivot points 04-Nov-2024

Daily R3 - 1.0957
Daily R2 - 1.0931
Daily R1 - 1.0883
Daily Pivot Point - 1.0857
Daily S1 - 1.0809
Daily S2 - 1.0783
Daily S3 - 1.0735