EURUSD H1 is testing pivot, potential for drop. Price is approaching the pivot where we may potentially see a drop towards the 1st support level, in-line with two 100% Fibonacci extension. If price fails to break the pivot, we may see it swing towards 1st support, in line in-line with 50% Fibonacci retracement and 161.8% Fibonacci extension
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.