EUR/USD Trading Zone Is Defined

The EUR/USD is in the middle of a trading range. We could see a bounce from the bottom and also from the top.

W H3 has a confluence with 88.6 and D H3. 1.2206 zone is where we expect the price to sell from. Targets are D L3 61.8 and D L5 23.6 fib confluence. A move to D L5 might secure good shorts while a bounce from that level might secure long profits. Everything in between is the TP range as the price is still trapped in a range.

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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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