Advertisement
Advertisement

EUR/USD Positive Momentum Dominates the Pair

By:
Nenad Kerkez
Published: Jul 27, 2020, 07:42 GMT+00:00

The EUR/USD is bullish. We should see a continuation to the upside with or without retracement.

EUR/USD

In this article:

The EUR/USD is bullish. We should see a continuation to the upside with or without retracement.

1.1600-15 is the POC zone. Another lower entry zone might be 1.1675. Pay attention to any retracement towards those levels as there might be buyers waiting for a move up. The first target is 1.1731 while continuation above the level will aim for 1.1794. IMO, I think that retracement is possible as 1.1731 is both the D H5 and ATR projection high.

undefined

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

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.

Did you find this article useful?

Advertisement