Home / Forex & Currency Exchange News / EUR/USD is Bearish Below 1.0680

EUR/USD is Bearish Below 1.0680

By Admiral Markets

The EUR/USD has spiked to 1.0660 zone today and as I showed on previous Session Recap webinar, it was clear to me that it should reject from the zone. The situation is clear now too. We have a huge bearish divergence within 1.0650-75 zone (Bearish order block, ATR top, H4). This is a major resistance. Unless we see a momentum break of 1.0680 towards 1.0750, the EUR/USD should remain bearish. POC zone should hold for bears and if 1.0680 breaks, bulls could have a breakout towards 1.0720 and 1.0750 as it will possible be a stop grabber in play. Targets are 1.0600 and 1.0560-30 zone for bearish drop. Below 1.0530 target will be 1.0490. Strong momentum above 1.0680 targets 1.0720 and 1.0750.

Follow @TarantulaFX on twitter for latest market updates

Article by Admiral Markets

Source: EUR/USD is Bearish Below 1.0680


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

The Harsh Truth About Gold

The Harsh Truth About Gold

By WallStreetDaily.com Is gold dead? Over the last three years, the SPDR Gold Shares ETF (GLD) has lollygagged in a sideways direction. I’d honestly rather watch paint dry than analyze a gold chart. Given such an uninspired performance, I don’t believe that gold warrants a major weighting in your portfolio. Of course, my assertion above […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php