EUR/USD Watch for Support at W L3 and ATR

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/USD has been dropping aiming for 1.0844. The price is currently bearish but pay attention to the support zone.

W L3/ATR pivot projection low comes exactly at W L3 and ATR support. At this point we could see the market going down from 1.0870 and reaching the zone. In that case the price might bounce. If the price closes below W L3, we should see a continuation to the lower pivot, W L4. In that case 1.0787 should be the target. A bounce from the zone aims for 1.0958.

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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