The EUR/USD has formed an ascending trend line that is holding the trend in place. The POC zone 1.1560-70 could show fresh buyers for the pair.
If we see a bounce from the zone, that will be a cue that the trend is still intact. 1.1530 needs to hold as below the pair is bearish. Bounce from the POC targets 1.1600, 1.1615 and 1.1635. A Daily close above 1.1635 could extend the bullish price action even further opening the doors for 1.1737.
EURUSD Current Trading Positions
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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