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EUR/USD Getting Close to Important Zone

Nenad Kerkez

The EUR/USD is dropping as suggested on my live webinars and analyses. The last signal was a sell at 1.1325.

Overbought conditions have made the EUR/USD drop from the yesterday’s top. 1.1260 is very important now. A bounce off that level should make the pair go up possibly retesting 1.1350 zone and breaking it higher towards 1.1409. However a break below 1.1260 will go for 1.1240 and below 1.1203 is possible. At this point the price is still supported but watch for the break or bounce.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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This article was originally posted on FX Empire