By Admiral Markets
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, 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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Article by Admiral Markets
Source: EUR/USD strong support within 1.1050 zone
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