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EUR/USD Aiming For Sub 1.1830

By
Nenad Kerkez
Published: Jul 13, 2021, 08:34 GMT+00:00

The EUR/USD is rejected from the POC zone. We could see a breakout.

EUR/USD

The 1.1880 zone is the zone where we see the bearish reaction. Bearish M pattern has almost formed and we might expect a bearish reaction. Bearish move should happen in a form of breakout below the point 3 of the M pattern. In that case the target is 1800 zone. Watch for a possible breakout lower.

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Cheers and safe trading,

Nenad

 

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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