EUR/USD Getting Close to Important Zone

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/USD is dropping as suggested on my live webinars and analyses. The last signal was a sell at 1.1325.

Overbought conditions have made the EUR/USD drop from yesterday’s top. 1.1260 is very important now. A bounce off that level should make the pair go up, possibly retesting the 1.1350 zone and breaking it higher towards 1.1409. However a break below 1.1260 will go for 1.1240 and below 1.1203 is possible. At this point the price is still supported but watch for the break or bounce.

The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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