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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.

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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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