EUR/USD

EUR/USD Slingshot Setup for Upside Bounce

Dear Traders,

The EUR/USD has formed a bullish confluence after the ecs.Oscillator and MA cross confirmed the entry.

The EUR/USD has formed a bullish POC zone within the 1.0850 zone. The price closed with H4 marubozu candle above the daily BB and slingshot has been activated. Targets are 1.0898 and 1.0955. The price needs to stay above W L3 level for bulls to remain in control. Within the POC there is also a W pattern shaping up, adding to the overall bullish potential.

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

 

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.