EUR/USD Inner Trend Line at the Confluence Zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

EUR/USD is making a bullish move but the price is close to resistance. There is a lot of confluence at 88.6 Fibonacci.

Inner Trendline + 88.6 FIB and historical sellers make 1.1930 zone appealing to new sellers. If the market gets within the zone watch for a potential rejection lower. Today is Friday, a profit taking day so we might be seeing some nice moves. Targets for the bearish move are 1.1875 and 1.1860. EUR/USD should not be closing above 1.1960 else this scenario won’t be valid anymore.

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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