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EUR/USD Aiming for Bullish Continuation

By:
Nenad Kerkez
Published: Oct 7, 2020, 07:46 UTC

The EUR/USD has been showing signs of improvement. The price is rejecting from 78.6-88.6 zone and we should see that bullish scenario is continuing.

EUR/USD

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The EUR/USD has been showing signs of improvement. The price is rejecting from 78.6-88.6 zone and we should see that bullish scenario is continuing.

Buying zone comes at 78.6-88.6 Fib – 1.1705-20 and the price shows additional confluence as the D L3 comes as a support. If the market makes a rejection off the zone watch for 1.1774 and 1.1800. Only above 1.1808 we will see a continuation towards W H5 – 1.1870. A break below 1.1690 will put the pair into neutral scenario with 1.1656 as the final target.

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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