EUR/USD Bearish Momentum Persists

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The EUR/USD opened with a retail gap after the US Senate gave a significant boost to the USD last night. The pair has failed to close the gap as of yet.At this point, the EUR/USD is struggling to make a push to POC zone where the gap is expected to close. The POC zone (50.0, Atr pivot, the gap) 1.1885-90 could reject the price again if the gap is closed. However, the pair has already made it very close to the gap close so technically we might see a rejection from 1.1855-65 in next few hours if the price doesn’t reach 1.1885. Targets are 1.1840 and 1.1800.

EUR/USD H1 chart

 

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