The EUR/USD has formed a bullish zig-zag and the price is supported above W L3 pivot.
1.1120-30 is the POC zone and we should see a bounce. There is a lot of confluence there and the price could continue towards the intraday target – 1.1201. If the market makes a close 1.1201 we should see the price going towards 1.1217-25 zone. The ATR of the EUR/USD is 44 on intra day timeframes, so don’t expect a big bounce today.
