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  4. EURUSD Watch for 1.1055 if it doesn't spike up from POC

EURUSD Watch for 1.1055 if it doesn't spike up from POC

March 24, 2016 12:25

The EURUSD is standing at very important POC 1.1145-60. This is 4h support and POC ( T-89 ™, Inner Trend Line, Historical Bullish Order Block). If EURUSD wants to go up it should spike from POC else we might see a drop towards 1.1055 -a historical BPC pattern. On the chart we can easily identify POC with T-89 and the support EURUSD is currently standing at.If the pair rejects next level is 1.1220 then 1.1270 and 1.1340 but if the pair doesn't reject than 1.1055 is in sight with 1.1020 and 1.0980 as next levels.

So pay attention to bounce to the upside and if don't see the bounce than 1.1055 will be exposed.

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