EUR/USD Buyers Don’t Give Up

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/USD buyers are getting cues from the confluence spot that the price might continue going up.

88.6 zone along with historical buyers and D L3 is showing a good chance for the next bounce. 1.1785-95 is the zone to watch for. If we see the bounce above watch for 1.1823 and 1.1864. However a close below will aim for a deeper intraweek retracement so watch out for 1.1777 and 1.1751. The POC zone is crucial today.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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