EUR/USD Moves Up if 1.1700 Holds

The zone is just above the M L3 camarilla pivot. We can see that the price has made 3 higher lows and on a daily TF this looks bullish. From the R:R perspective, we could see a good trading opportunity towards 1.1968 levels. Watch for a bounce and continuation if the market keeps the price above 1.1700

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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.