EUR/USD Failure of 1-2-3 Pattern Might be Bullish

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD is bearish. However, the failure of 1-2-3 pattern below the channel should make the pair bullish.

If we don’t see the market breaking below 1.1030, we should have a move to the upside. At this point we could see a potential for 1.1050 bullish break. Above 1.1050, targets are 1.1076 and 1.1108. The ATR(5) is only 43 pips, so we might expect a slower market. 1.1076 is the ATR projection for the day.

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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