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EUR/USD Make It or Break It

By:
Nenad Kerkez
Published: Jun 30, 2020, 07:40 UTC

The EUR/USD is at the important level and we might see either a bounce or break below. Ranging markets conditions still prevail.

EUR/USD

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The EUR/USD is at the important level and we might see either a bounce or break below. Ranging markets conditions still prevail.

The EUR/USD has been trapped within the range as 1.1200 zone still resists. We have the important zone within 1.1200 and at this point we might see a push to the upside or a break below. If the market breaks 1.1200, next is 1.1188 followed by 1.1168. Below 1.1168 a stronger momentum down is expected towards 1.1118. Above 1.1200, 1.1227 is next followed by 1.1240 and 1.1267. Only above 1.1267 we should see 1.1316 again.

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

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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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