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Technical Analysis
Daily Technical Analysis by Admiral Markets
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[QUOTE="Admiral Markets Group, post: 119073, member: 37217"] [B][SIZE=5]EUR/USD is Bearish Below 1.0680[/SIZE][/B] [IMG]https://s28.postimg.org/8cq28abi5/TA1201.jpg[/IMG] The EUR/USD has spiked to 1.0660 zone today and as I showed on previous [URL='https://www.youtube.com/watch?v=aFg3vlxAAME&t=3s']Session Recap[/URL] webinar, it was clear to me that it should reject from the zone. The situation is clear now too. We have a huge bearish divergence within 1.0650-75 zone (Bearish order block, ATR top, H4). This is a major resistance. Unless we see a momentum break of 1.0680 towards 1.0750, the EUR/USD should remain bearish. POC zone should hold for bears and if 1.0680 breaks, bulls could have a breakout towards 1.0720 and 1.0750 as it will possible be a stop grabber in play. targets are 1.0600 and 1.0560-30 zone. Below 1.0530 target will be 1.0490. [/QUOTE]
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