EUR/USD Mini Bullish SHS Hints of the Bullish Bounce

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD has formed a mini inverted SHS pattern at the bottom so we might see an upward continuation towards the W H3 and above.

The POC zone 1.1705-35 should provide buying opportunities. If the price closes above 1.1793 we should see a continuation to the upside towards the W H3 1.1844. The final price projection is 1.1852-62. As long as the 1.1700 level is holding the price, bulls are safe. Only below 1.1695 we might see a deeper pullback towards the 1.1650 zone. The EUR/USD is still bullish.

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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