EUR/USD Bullish Bounce Above 1.1100

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD has formed bullish candles above the POC zone. If the price manages to hold above the zone we should see a bounce.

The EUR/USD is currently supported above the M H3 camarilla pivot. The POC zone 1.1100-20 might provide a bounce, however be careful if the market breaks below the double bottom at 1.1154. The bounce might target 1.1182 followed by 1.1222 and 1.1279. In the case of a drop below 1.1150 watch 1.0980 as the 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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