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Price is now meeting resistance at the central pivot point

The euro is looking a little toppy, if you pay credence to the behavior of price and MACD on the daily chart, and the railway tracks on the weekly chart. I say, 'watch out below!' That said, we did have a nice bit of a rally yesterday after the NY close, in the form of a 1-2-3 bottom.

A price measurement saw price rising to the central pivot point today - which it did. Price is now meeting resistance at the central pivot point and the 144 EMA on the 15 minute chart.

For complete analysis, watch the AM Video Review

-Peter R. Bain

 

 

 

 

 

 

 
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