EUR/USD Aiming for 1.1410 but Retracement Comes First

EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance.

W H5 camarilla pivot is the strongest weekly pivotal resistance. We can also see daily Bollinger bands which are making the confluence. The EUR/USD is set to go higher but we should some retracement soon. 1.1320 and 1.1300 are levels where the retracement could finish. Then, a new bullish momentum might bring the pair up to the ATR high – M H4 1.1396-1.1410

The Analysis has been done with the CAMMACD.Core and Sit Systems

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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.