EUR/USD Potential Up Swing Within 1.1115-1.1100 Zone

Nenad Kerkez Top-XE

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
PP 1.1203
1. S1 1.1197
2. S2 1.1189
3. S3 1.1182

Author

Nenad Kerkez

Top-XE

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