EUR/USD Bullish Pressure is Imminent

The EUR/USD looks a bit bullish. The price should be bouncing towards D H5 camarilla level.

We can spot 2 POC zones. However before the buyers get the better price to buy, we need to see if there will be any retracement. The first POC is 1.1940-52. In the case of a deeper retracement, watch for W L3 and 88.6 – 1.1900-15. Targets are 1.1989, 1.2003, 1.2015 and 1.2048. Bulls are in control and further strength is expected.

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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.