EUR/USD Make It or Break It

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD is at the important level and we might see either a bounce or break below. Ranging markets conditions still prevail.

The EUR/USD has been trapped within the range as the 1.1200 zone still resists. We have the important zone within 1.1200 and at this point we might see a push to the upside or a break below. If the market breaks 1.1200, next is 1.1188 followed by 1.1168. Below 1.1168 a stronger momentum down is expected towards 1.1118. Above 1.1200, 1.1227 is next followed by 1.1240 and 1.1267. Only above 1.1267 we should see 1.1316 again.

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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