EUR/USD

EUR/USD 2 POC Zones for Further Upward Continuation

The EUR/USD is bullish and the retracement is almost completed. We could see a move to the upside soon.

We can see 2 POC zones. The first zone is 1.2022-40 and it is supported by W L3 and the trendline. The POC2 is 1.1985-1.2015 and is slightly above the W L4 camarilla pivot. A bounce from any of those 2 zones could happen and the target is 1.2170. As long as the pair is kept above 1.1950 the trend is bullish. A break below and the trend is turning bearish.

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Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.