EUR/USD Retracement to D H3 Might Show New Sellers

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The EUR/USD has reached W L4 / D L3 level and we can see a possible retracement due to short sellers profit taking. The price might reach the POC zone and we might see fresh sellers.

1.2245-67 is the EUR/USD POC zone. The price should reject and go for a possible retest of 1.2200 zone. A close below D L3 pivot should target 1.2165 and 1.2160. As long as the price is kept below D H4 – 1.2300, bulls are in control.

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