EUR/USD Uptrend Continuation at 2 Zones

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/USD has formed two POC zones for a new wave of buyers. Continuation is expected.

The first POC zone comes within 1.1845-60. We have 50.0 fib confluence with D L3 and order block. Next zone is 1.1805-25. 88.6 and D L4. If the pair retraces to any of the zones, watch for a bounce. Targets are 1.1900, 1.1926 and 1.1970. A close above 1.1900 suggests no retracement to the POC zones but rather a continuation of the established uptrend.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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