EUR/USD Make It or Break It

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD has formed a rounded bottom pattern on H1 timeframe and it has come exactly to the resistance zone.

We should see either a break to the upside or a move down. A breakout to the upside will target 1.1700, 1.1730 and 1.1771. This will be a sign of a deeper retracement up where we might see another wave of selling maybe this week depending on the US data later in the week. A drop below 1.1665 would instill another bearish momentum towards 1.1600. For the EUR/USD it’s – make it or break it.

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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