EUR/USD Two Possible Shorts Spotted

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

EUR/USD is bullish now on the intraday time frame. However on a daily basis we see possible shorts.

The market is going up as predicted. However, we can see that the EUR/USD is getting close to the selling zone. 1.1390 is the first zone where shorts  could happen. We need to watch only the daily timeframe from this perspective. Daily rejection should make a move towards 1.1211 again. If we see the break above 1.1390 next selling zone is 1.1485. In both cases 1.1211 is the target. Only a close below 1.1211 will open the doors to 1.1100.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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