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EUR/USD The Vortex of the Triangle is Close

By
Nenad Kerkez
Published: Apr 28, 2021, 07:04 GMT+00:00

The EUR/USD is very close to the vortex of the triangle. My expectation is that the price will go lower.

EUR/USD

The EUR/USD is very close to the vortex of the triangle. My expectation is that the price will go lower.

1.2075 is the POC zone. We could see the congestion in the area and a D L3 camarilla pivot which has rejected the price. Momentum down below 1.2060 should accelerate the move of the EUR/USD towards the 1.2050, 1.2035 and 1.2020 zone. Selling should continue and fading the strength is the scenario to go with.

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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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