EUR/USD Bulls Are Ready To Attack

The EUR/USD is ranging but the range might soon be broken. EUR bulls are waiting for the right moment to spike the price up (FXE).

We can see the bullish inverted head and shoulders structure on H1 timeframe. If the market drops to D L4/78.6/99.6 zone we should see the bounce up. 1.1820-40 is the zone. Targets are 1.1868 followed by 1.1879 and 1.1898. Only below 1.1816 bears  could try to reverse the price.

The Analysis has been done with the Black Widow system.

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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