EUR/USD Aiming For Sub 1.1830

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The EUR/USD is rejected from the POC zone. We could see a breakout.

The 1.1880 zone is the zone where we see the bearish reaction. Bearish M pattern has almost formed and we might expect a bearish reaction. Bearish move should happen in a form of breakout below the point 3 of the M pattern. In that case the target is 1800 zone. Watch for a possible breakout lower.

The Analysis has been done with the Black Widow system.

Cheers and safe trading,

Nenad

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