EUR/USD Zones Show 2-Way Trading Possibility

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/USD has shown two important zones. 1.0988 and 1.0885. A break above or below will either make the trend more bullish or bearish.

If the market drops to 1.0885 we might see a bounce to the upside. Failure to make a bounce will possibly result in the price dropping towards 1.0850 and 1.0785. However, if the market gets to 1.0988, a rejection should target 1.0940 and 1.0885. A break above 1.0988 is heading towards 1.1033. 2-way trading is possible. Depending on the zone reached.

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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