On a relatively weak day for the general market, we can take a look at how price action on EUR/USD played out around Pivot, and S1.

In Purple we have an “Evening Star” type formation
In Orange we show the round number of 2000
In Blue we have a fairly steep trend line
This week the retracement up from the recent down move reached to around 61.8 Fibonacci level. We’ll monitor the price through end of week and into next week to see if there are any price action clues for where price may move.
