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EUR/USD Preparing for a Bearish Breakout

  • Wednesday, 20 June 2018
  • Posted by Aftab Ahmad
  • 0 Comments

EUR/USD Preparing for a Bearish BreakoutThe EUR/USD has rejected from the order block close to 23.6 of it’s last swing. The POC zone 1.1605-15 is also showing a retracement trend line break, so we might see a continuation towards 1.1542 and 1.1521 which is a confluence of D/W L3. In the case of a bounce next POC zone is 1.1660-90 where the important Weekly H3 pivot is. As long as the price is kept below the upper order block 1.1724, bears should be safe.




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Aftab Ahmad

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