EUR/USD Potential Up Swing Within 1.1115-1.1100 Zone

The EUR/USD is has been trading within a range that has been established in May and it's close to the POC zone 1.1115-1.1100 (W L4, 88.6, historical buyers, ATR pivot). The POC zone might spike the price towards 1.1185, 1.1230 and 1.1295. If the price breaks above W H4 1.1295 the door towards 1.1400 should be open. Major support lies at 1.1040 that is W L5 level. Failure of this level should put this pair in a bearish territory again. This POC zone might be the chance for bulls to regain positive momentum on this pair.



Interested in EURUSD technicals? Check out the key levels

    1. R3 1.1226
    2. R2 1.1218
    3. R1 1.1211
  1. PP 1.1203
    1. S1 1.1197
    2. S2 1.1189
    3. S3 1.1182

Trading with currencies and CFDs is speculative in nature and could involve the risk of loss. Such trading is not suitable for all investors. Before using the services of Admiral Markets AS please acknowledge the risks associated with trading, terms and conditions of the services and consult and expert if necessary.