EUR/USD Analysis

EUR/USD Higher Highs And Higher Lows For Uptrend Continuation

The EUR/USD continues to make higher highs and higher lows that is a sign of  a steady uptrend. At this point the POC zone 1.1605-20 (D L4/L5, 38.2, EMA89, W L3) looks firm and if the price retraces to the zone we might see another push to the upside. Targets are 1.1683 and 1.1720. However, if we don’t see a pullback into the POC zone, watch for breakout above 1.1683 that should target 1.1720. Above it the pair might go to 1.1800 during the week. As long as the pair is above 1.1522 ( W L4/trend line confluence), bulls are safe.

  • W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
  • W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
  • W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
  • D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
  • D L3 – Daily Camarilla Pivot (Daily Support)
  • D L4 – Daily H4 Camarilla (Very Strong Daily Support)
  • POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
EUR/USD 1H Chart
EUR/USD 1H Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

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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.