EUR/USD Order Block and POC Might Give a Hope to Bulls

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/USD is retracing strongly to the downside. Both Order block and POC zone might provide buying opportunities but be careful.

A close above 1.1771 might show fresh buyers as it is the bullish order block. However, we might also see a deeper retracement towards D L4/WL4/88.6 which is 1.1706-30. There we should see some profit taking and/or fresh buyers. However if the price makes a break below 1.1680 watch for 1.1602. This could be the last call for bulls.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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