EUR/USD W Pattern Cues For Bullish Break

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The EUR/USD has made a session new high during Asia, so we might see a continuation of a bullish move if the price closes above 1.1395.

The EUR/USD is bullish above 1.1395. Pullback towards 1.1370 zone could be corrective and for intraday movement it could be used for buying into dips. Broader picture still shows the range as I explained in my previous analyses, so the targets are 1.1430 and eventually 1.1450 on a strong momentum push and stop triggering. We can also see the W bullish pattern that cues for a continuation to the upside.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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