EURUSD Countertrend Move Possible at 1.1430

Nenad Kerkez Top-XE

The EUR/USD has formed a regular bullish divergence straight at D L3 and H4 Lower Band. We might see a countertrend move if the zone holds tight.

A regular bullish divergence could prove successful if the price rejects from the POC zone 1.1440-50 and holds above D H1 at 1.1472. In that case, the bounce should target 1.1490 zone with a potential towards 1.1515-1.1530. This can happen only if the intraday bullish momentum is strong and steady. A loss of 1.1430 could tank the price down to 1.1410-1.1400 zone.

EURUSD Current Trading Positions

Sell 50%

Buy 50%

Avg Sell Price 1.1502

Avg Buy Price 1.1532

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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