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EUR/USD Strong Bearish Candle Indicates Further Selling

By:

Nenad Kerkez

Published: Sep 29, 2021, 09:37 GMT+00:00

EUR/USD is having a potential big move to the downside. The zone for short trades is the POC

EUR/USD Strong Bearish Candle Indicates Further Selling

The POC 1.1690-1.1700 is where we can see the selling happening. I am short and I can see that the first target should be the 1.1600 zone. The price needs to break 1.1660 and from there we will see a strong momentum down. Below 1.1600 1.1565 will be open. Now it is shorts who are dominating over longs.Bears are stronger.

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

Cheers and safe trading,

Nenad

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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