EUR/USD

EUR/USD Zones Show 2-Way Trading Possibility

Dear Traders,

The EUR/USD has shown two important zones. 1.0988 and 1.0885. A break above or below will either make the trend more bullish or bearish.

If the market drops to 1.0885 we might see a bounce to the upside. Failure to make a bounce will possibly result in the price dropping towards 1.0850 and 1.0785. However, if the market gets to 1.0988, a rejection should target 1.0940 and 1.0885. A break above 1.0988 is heading towards 1.1033. 2-way trading is possible. Depending on the zone reached.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.