What a week! It ought to be considered as one of the most volatile weeks in my three years of trading forex. Euro formed an inverted hammer on the daily chart, a signal that the downside momentum has slowed down, and we should pay attention to a possible retracement for this week. Resistance is at 1.3500, followed by 1.3520, 1.3550 and 1.3580. Support starts at 1.3450, backed by 1.3430, 1.3400 and 1.3370. Happy trading!!
Monday's Pivot Points:
R2 = 1.3637
R1 = 1.3555
PP = 1.3463
S1 = 1.3381
S2 = 1.3289
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