EUR/USD Possible Bullish Counter Trend Move from 1.1590

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The EUR/USD formed a possible counter trend pattern that has been spurred by London Open bullish momentum.

Green triangles present the Asian range that has been broken as shown in the LOA (London Open Advanced) module. At this point we see that the price is struggling to break to the upside. I expect a breakout towards 1.1650 today and the scenario is valid as long as 1.1555 stays strong. EUR/USD possible counter trend move is on its way even above 1.1650 towards 1.1740.

Many green pips,
Nenad Kerkez
Elite CurrenSea

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