Looking at the EURUSD Daily chart with Yearly Pivots, the pair a sitting at resistance just below 1.17 which also high of 2015. I have a pending order at the 1.17 handle. At the 2017 yearly open, the pair opened at the YM2 pivot and according to pivot theory the yearly target is YM4 at 1.1702. This could be a perfect spot to look short, like I am. You could look at this of a short term retracement from the recent new highs or look more long term for a retracement back towards the YPP at 1.0831. This could be a great position trade going into the 3rd and 4th quarters of 2017.


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