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EUR/USD Bullish Pressure is Imminent

By
Nenad Kerkez
Published: Nov 30, 2020, 08:53 GMT+00:00

The EUR/USD looks a bit bullish. The price should be bouncing towards D H5 camarilla level.

EUR/USD Bullish Pressure is Imminent

The EUR/USD looks a bit bullish. The price should be bouncing towards D H5 camarilla level.

We can spot 2 POC zones. However before the buyers get the better price to buy, we need to see if there will be any retracement. The first POC is 1.1940-52. In the case of a deeper retracement, watch for W L3 and 88.6 – 1.1900-15. Targets are 1.1989, 1.2003, 1.2015 and 1.2048. Bulls are in control and further strength is expected.

For a look at all of today’s economic events, check out our economic calendar.

 

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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