EUR/USD Possible Bounce From Two POC Zones

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The EUR/USD has been testing lower and sub 1.1600 zone, so at this point we might see a possible spike. There are two bouncing zones for long trades.

The EUR/USD might reject from 1.1590-1.1600 and 1.1550-1.1560 zone due to a big confluence of technical factors and historical buyers down there. If it happens targets are 1.1640 and 1.1675. Only above 1.1685 we might see further bullish moves. Drop below 1.1520 and the pair will turn strongly bearish.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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