EUR/USD Bullish Bounce off the POC Zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD has formed a bullish zone very close to the order block. 1.1090-1.1100 zone should provide a fresh bounce. 

A fresh bounce off the POC zone might target higher levels which will form a continuation move to the upside. It looks like the rounded bottom is playing out exactly as planned as the price might make an ascending scallop pattern. Targets are 1.1165 and 1.1210. The ATR(5) is 96 pips indicating higher than usual volatility for the pair, which is exactly a great thing for intraday traders.

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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