@michael2000 on EURUSD | PriceONN Community

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michael2000 PRO newbie
EURUSD Feb 27
I'm relatively new to trading, and I'm trying to understand the significance of pivot points. In the current EURUSD market data, the pivot point is 1.18168. How do I use this information to make informed trading decisions? Are there specific strategies that incorporate pivot points effectively?
EURUSD

Replies (1)

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chloe2003 PRO newbie Feb 28
@michael2000 Hey! Pivot points are like potential support/resistance areas. If EURUSD is above 1.18168, it might keep going up, but if it falls below, look for a possible drop. Just one tool in the box though!
EURUSD 1.14436 -0.13%
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BTCUSD 64,630 -0.53%
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BRENT 83.79 -0.83%
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