EUR/USD Continuation is possible

September 13, 2016

By Admiral Markets

The EUR/USD has rejected from POC as show in yesterday’s Session Recap webinar and today we might have a continuation caused by weaker than expected German ZEW economic sentiment result. 1.1235-45 zone could provide a continuation from yesterday’s drop off 1.1270 zone as long as 1.1280 stays strong. LVZ – Low volatility zone has shown within POC that is consolidating at EMA 89 and we could also see a potential M pattern. Targets for the down move are 1.1200 and 1.1175. Additionally we can see a pinbar on daily chart cueing for a further bearish continuation.

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Article by Admiral Markets

Source: EUR/USD Continuation is possible

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