EUR/USD Should Drop From 1.1100 Zone

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/USD has formed a zone after the break of a trend line. 1.1090-1.1105 could make the price drop based on a confluence.

If the price manages to stay below 1.1100 we could see a drop towards 1.1055 and 1.1044. Have in mind that due to upcoming holidays, volatility will be very low. However today and or eventually on 27 Dec we might see a drop. If it happens, this could be an early start of a downtrend on 4h timeframe. Happy Holidays!

The analysis has been done with the CAMMACD.core template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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