EUR/USD Close Above W H4 Will Target 1.1445 and 1.1478

Nenad Kerkez Top-XE

The EUR/USD has formed a V Shaped Reversal at the bottom but the price is still range bound. A strong H4/ D1 close above 1.1400 is needed for new bullish bounce.

The EUR should be more resilient than other G10 currencies amidst the threat of US-China trade war. I’ve repeated many times that I was buying the dips and I think it’s the way to go.

The POC zone has formed within 1.1390-1.1400 but any bounce above 1.1352 is considered bullish. The price is getting close to overshot levels as it is breaking a retracement trend line. If the price proceeds further up 1.1444 is next level followed by 1.1475 zone in the case of continuation. Only a drop below 1.1335 will be considered neutral to bearish.

EURUSD Current Trading Positions

Sell 52%

Buy 48%

Avg Sell Price 1.1377

Avg Buy Price 0.8666

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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