Trading news

EUR/USD Two POC Zones Waiting For Possible Sellers

The EUR/USD spiked above 1.0500 reaching 1.0575. The move was sparked by stop grabbers above 1.0520 and yuan depo rates flying to 96.6%. Yen demand was huge, sending the dollar down across the board. At this point the USD is recovering while EUR/USD might get rejected from POC1 and 2.
Technically we see 2 POC zones. POC 1.0520-35 (61.8, trend line, ATR pivot) could reject the price towards 1.0460. If the EUR/USD spikes above POC, we should watch for possible rejection off POC2 1.0570-85 (ATR top, trend line, 78.6) towards 1.0520 and 1.0460. 1.0460 is a support now and only a momentum break on 1h or 4h close below 1.0460 should target 1.0420 again.

Thursday, 05 Jan, 2017 / 12:06

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

Source :

Trading news


Dollar firms, stocks slip amid US stimulus doubts

  Talks on US stimulus package continue but deal in doubt after [...]

Posted on Thursday, 22 Oct, 2020 / 9:34 under

Up to the US Elections Results

The US economy has recovered modestly in the third quarter thanks to [...]

Posted on Thursday, 22 Oct, 2020 / 9:18 under

OIL dropped 2.5% after excess supply – US OIL Market Outlook – 22/10/2020

WTI Crude dropped by more than 2.50%, hitting our short entry support targets, [...]

Posted on Thursday, 22 Oct, 2020 / 7:55 under