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EUR/USD Make It or Break It

Nenad Kerkez

The EUR/USD is at the important level and we might see either a bounce or break below. Ranging markets conditions still prevail.

The EUR/USD has been trapped within the range as 1.1200 zone still resists. We have the important zone within 1.1200 and at this point we might see a push to the upside or a break below. If the market breaks 1.1200, next is 1.1188 followed by 1.1168. Below 1.1168 a stronger momentum down is expected towards 1.1118. Above 1.1200, 1.1227 is next followed by 1.1240 and 1.1267. Only above 1.1267 we should see 1.1316 again.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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This article was originally posted on FX Empire

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