EUR/USD Trading Zone is Defined

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/USD is in the middle of a trading range. We could see a bounce from the bottom and also from the top.

W H3 has a confluence with 88.6 and D H3. 1.2206 zone is where we expect the price to sell from. Targets are D L3 61.8 and D L5 23.6 fib confluence. A move to D L5 might secure good shorts while a bounce from that level might secure long profits. Everything in between is the TP range as the price is still trapped in a range.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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