Chart of The Day EURUSD

EURUSD testing the Yearly Pivot and a confluence of resistance

 

EURUSD is testing the strong resistance 1.1140-1.11750 zone which will determine further outlook. This zone needs to hold for a downside continuation.  A break above the 1.12000 is required for an upside reversal to be completed.

ARMAT trading system is neutral

Note: look for the short trade entries with the stop loss above 1.1200 level. 

 

 

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