EUR/USD Bulls Are Waiting For Retracement

The EUR/USD is bullish. The price is in retracement, so if the market drops to the POC zone we will possibly see a bounce.

1.2070-80 is the zone where bounce is expected. We can also see historical buyers at the same zone. It’s Friday so profit taking should take place later in the day. Targets for the move if the price bounces from the POC zone are 1.2118, 1.2164 and 1.2188. Bears will have the chance only if the price drops below 1.2050.

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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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