EUR/USD Strong Support Within 1.1050 Zone
Admirals | Aug 08, 2016 09:47AM ET
The EUR/USD spiked straight from our POC after the analysis on Session Recap webinar. After initial spike the pair dropped after stronger than expected NFP data. Next POC zone is 1.1120-40 (38.2, WPP (LON:WPP), H3, Inner trend line) but also pay attention to current rejection from 23.6 and EMA 89. Dark cloud that is formed on H4 could directly tank the price (without a pullback to POC) towards 1.1050-35. Only below 1.1035 the pair should test 1.0980 the confluence of L4 camarilla and rising trend line.
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