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EUR/USD Ascending Trend Line Still Supporting the Bulls

By:
Nenad Kerkez
Published: Oct 15, 2018, 10:50 UTC

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

EUR/USD Ascending Trend Line Still Supporting the Bulls

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.

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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