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 : https://admiralmarkets.com/analytics/technical-analysis/eur-usd-bullish-poc-zone-above-1-0560

Trading news

 

Stocks falter again, bruised dollar seeks to end losing streak

  Market mood sours again as China crackdowns, mixed earnings and [...]

Posted on Friday, 30 Jul, 2021 / 9:44 under

PFIZER CRUSHES Q2, PROJECTS HIGHER COVID-19 SALES

The resurgence of covid-19 cases, with the rapid spread of the Delta variant [...]

Posted on Thursday, 29 Jul, 2021 / 10:57 under

Eurozone Q2 GDP: The Recession Is Over

Tomorrow we await the official confirmation that Europe has exited the [...]

Posted on Thursday, 29 Jul, 2021 / 10:40 under