EUR/USD 1.1897 is the Important Level

2 min read
tarantula fx

tarantula fx

Head of Trading

The NFP made 2-way price action on EUR/USD pair, but the impact was sustained by 1.1900 support. However traders need to pay attention to 1.1897

1.1897 is the important level for bullas as we have a confluence of ATR projection and W L3 pivot. Short term traders might use it for scalp trades, but nevertheless, it can be the level for counter trend move. However only the break of 1.1980 could make a further bullish continuation towards 1.2022 W H3. Break below 1.1860 will target 1.1861 and 1.1800. At this point all eyes are on 1.1897 (+/- 5 pips) and possible trade there.

Good trading,
Nenad Kerkez aka Tarantula FX

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