EUR/USD Aiming for Bullish Continuation
October 7, 2020
2 min read
Dear Traders,
The EUR/USD has been showing signs of improvement. The price is rejecting from the 78.6-88.6 zone and we should see that the bullish scenario is continuing.
Buying zone comes at 78.6-88.6 Fib – 1.1705-20 and the price shows additional confluence as the D L3 comes as a support. If the market makes a rejection off the zone watch for 1.1774 and 1.1800. Only above 1.1808 we will see a continuation towards W H5 – 1.1870. A break below 1.1690 will put the pair into neutral scenario with 1.1656 as the final target.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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