EUR/USD The Vortex Of The Triangle Is Close

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.

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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