Euro / U.S. DollarShort
Psychological Resistance Level 1.05750
EURUSD Psychological Quarter Resistance Level 1.05750Psychological Level: Price points in a market that hold significance due to their simplicity and ease of use.(Round Numbers)
Price has reached the psychological level 1.05750. Price is showing a strong bullish move into this area; backtesting has show that approximately 40% of the time price will reverse and return to the previous Psychological Level.
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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.