EURUSD Ascending Trend Line Still Supporting the Bulls

Nenad Kerkez Top-XE

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

Sell 55%

Buy 45%

Avg Sell Price 1.1490

Avg Buy Price 1.1529

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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