EURUSD 1H | Pivot at 1.16322 – Price Below Key LevelEUR/USDOANDA:EURUSDFXSMARTTEURUSD is trading on the 1H timeframe. The pivot point (PP) at 1.16322 is the most critical level on the chart. Price is currently trading near 1.16621, sitting ABOVE the pivot. Key Levels Pivot Point (PP): 1.16322 Resistance levels (above pivot): 1.16788 1.17072 Support levels (below pivot): 1.16000 1.15700 – 1.15500 zone Current price is trading near 1.16621, above the pivot but below first resistance. Bullish Scenario As long as price stays above the pivot at 1.16322, the structure favors upside. Entry: On pullback to pivot zone (1.16322 – 1.16400) Stop Loss: Below 1.16000 Take Profit 1: 1.16788 Take Profit 2: 1.17072 Invalidation: 1H close below 1.16322 Bearish Scenario If price breaks below the pivot at 1.16322 and a 1H candle closes below it, the structure flips to bearish. Entry: Below 1.16322 after confirmation (wait for retest as resistance) Stop Loss: Above 1.16788 Take Profit 1: 1.16000 Take Profit 2: 1.15700 – 1.15500 Invalidation: 1H close above 1.16788 Pro Tips from a real trader Tip 1: The pivot at 1.16322 is your line in the sand. Above = bullish. Below = bearish. Simple. Tip 2: Price is currently above the pivot. The bias is bullish until price closes below it. Tip 3: The best long entry is a pullback to the pivot zone (1.16322 – 1.16400), not a chase at current levels. Tip 4: The best short entry is a break below 1.16322 with confirmation, then a retest of it as resistance. Tip 5: 1.16000 is the first support below pivot. A break below that after a pivot breakdown confirms bearish momentum. Tip 6: EURUSD reacts strongly to US dollar strength and Eurozone economic data. Check the calendar before trading. My personal view Price is currently above the pivot at 1.16322, so my bias is bullish. However, I will not chase price at 1.16621. I am waiting for a pullback to the 1.16322 – 1.16400 zone for a long entry toward 1.16788 and 1.17072. If price closes below 1.16322, I will flip to bearish and look for shorts toward 1.16000 and 1.15700 – 1.15500. Patience. Let the market come to you. Not financial advice. Trade at your own risk. Tags: EURUSD, Forex, PivotPoint, PriceAction, TradingView, SupportAndResistance --- ## Short Version (Quick Post) Title: EURUSD 1H | Pivot at 1.16322 – Above = Long, Below = Short Post: Pivot: 1.16322 Above pivot: Long on pullback to 1.16322 – 1.16400. Targets: 1.16788 and 1.17072. Stop below 1.16000. Below pivot with close: Short on retest. Targets: 1.16000 and 1.15700 – 1.15500. Stop above 1.16788. Price is above pivot. Bias bullish. Wait for pullback. #EURUSD #Forex #PivotPoint #PriceAction