EUR/USD Should Bounce From the POC Zone

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The EUR/USD has formed an ascending trend line that is holding the trend in place. The POC zone 1.1560-70 could show fresh buyers for the pair.

If we see a bounce from the zone, that will be a cue that the trend is still intact. 1.1530 needs to hold as below the pair is bearish. Bounce from the POC targets 1.1600, 1.1615 and 1.1635. A Daily close above 1.1635 could extend the bullish price action even further opening the doors for 1.1737.

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