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EUR/USD Possible Bullish Counter Trend Move from 1.1590

By:
Nenad Kerkez
Published: Oct 1, 2018, 14:27 UTC

>> The EUR/USD formed a possible counter trend pattern that has been spurred by London Open bullish momentum .<< Green triangles present the

EUR/USD Possible Bullish Counter Trend Move from 1.1590

>> The EUR/USD formed a possible counter trend pattern that has been spurred by London Open bullish momentum .<<

Green triangles present the Asian range that has been broken as shown in the LOA (London Open Advanced) module. At this point we see that the price is struggling to break to the upside. I expect a breakout towards 1.1650 today and the scenario is valid as long as 1.1555 stays strong. EUR/USD possible counter trend move is on its way even above 1.1650 towards 1.1740.

EUR/USD Possible Bullish Counter Trend Move from 1.1590

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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