Contributors Technical Analysis EUR/USD Bullish Bounce Off The POC Zone

EUR/USD Bullish Bounce Off The POC Zone

The EUR/USD has formed a bullish zone very close to the order block. 1.1090-1.1100 zone should provide a fresh bounce.

A fresh bounce off the POC zone might target higher levels which will form a continuation move to the upside. It looks like the rounded bottom is playing out exactly as planned as the price might make an ascending scallop pattern. Targets are 1.1165 and 1.1210. The ATR(5) is 96 pips indicating higher than usual volatility for the pair, which is exactly a great thing for intraday traders.

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