EURUSD trying to make another rally BUT watch for POCs

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    After being bought from 1.1180 as expected, EURUSD is trying to make another swing to the upside particularly on H4 timeframe. Today early in the morning we have witnessed a sudden EURUSD bounce which was faded. The move could be a possible attempt to stop grab stops which are definitely placed in the 1.1300-30 zone. The fade which happened afterwards suggest that there might be another possibility for a rally if the price doesn't close below 1.1255. H4 timeframe is showing a downtrend but

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