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Euro / U.S. Dollar

Quick Stop! ✋

By MarketIntel
The EUR/USD reaches our target zone. Starting at $1.22593, the yellow box has stopped the bull run. In wave iv in green, the EUR/USD has space for further bearish action. The ideal turnaround zone is at around $1.20700. We have highlighted the turnaround area with another yellow box. Important support is at $1.20133. Should the bears break below this support level, a bigger correction is looming. Stops for longs should be placed below $1.20133

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MarketIntel

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