Trading news

EUR/USD Bullish POC zone above 1.0560

The EUR/USD has turned bearish around 1.0660 where it was sold heavily as expected. The pair is currently ranging but as long as interim key support at 1.0500 is intact it might spike again. This time bulls might have a control as we see a confluence at 1.0560-80 (ABCD, L5, ATR, Order block). The spike above the POC might retest 1.0620 and 1.0685 subsequently. Additionally, we might see bears again around 1.0685 as we can easily see historical sellers there. Break of 1.0500 will put EUR/USD bears in stronger control. I personally don't believe in any sustained rally in this pair so if you take long positions, it is advised to scale out and place protective profit stops once you are in the profit.

Admiral Markets Review

Monday, 16 Jan, 2017 / 12:26

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Gold futures traded lower on Friday, a day after recording the strongest daily surge for the month

Rising US Treasury yields and an uptrend in the greenback exerted pressure on [...]

Posted on Monday, 12 Apr, 2021 / 12:03 under

The latest Fed and ECB statements move the currency market

Over the weekend, the Fed head has once again assured that the ultra-expansive [...]

Posted on Monday, 12 Apr, 2021 / 11:59 under

Gold Is Consolidating After Growth

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex   Early in the [...]

Posted on Monday, 12 Apr, 2021 / 11:47 under