Euro / U.S. DollarUpdated EUR/USD ready for reversal?
EUR/USD is trading around the Monthly S3 Pivot Point. According to pivot point theory, this is extremely sold-out condition. The price consolidates around S3, and the RSI MAX cross gives a buy signal. There is a possibility of reversal or a pullback.
Please let me know what you think.
Please let me know what you think.
Trade closed: target reached
Closing this trade idea for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.