EUR/USD Inner Trend Line at the Confluence Zone

2 min read
Nenad Kerkez

Nenad Kerkez

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.
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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of