Advertisement
Advertisement

EUR/USD Trading Zone is Defined

By
Nenad Kerkez
Published: Jun 8, 2021, 10:23 GMT+00:00

The EUR/USD is in the middle of a trading range. We could see a bounce from the bottom and also from the top

EUR/USD

W H3 has a confluence with 88.6 and D H3. 1.2206 zone is where we expect the price to sell from. Targets are D L3 61.8 and D L5 23.6 fib confluence. A move to D L5 might secure good shorts while a bounce from that level might secure long profits. Everything in between is the TP range as the price is still trapped in a range.

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.

Advertisement