EUR/JPY

EUR/USD Bound for 1.1360 on a Strong Momentum

The EUR/USD has formed a CAMMACD.Core Setup exactly on the confluence of support. 1.1260-70. We should see a move up.

The EUR/USD is set to break 1.1300 and proceed above. In my opinion, we should see 1.1312 and possibly 1.1360 if the market keeps the positive bullish momentum. The MH4 is in the confluence with the ATR high which is 1.1312. A move above 1.1312 should be targeting 1.1360 which is the weekly H5 camarilla target.

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.