The EUR/USD has been contained in arrange during the Easter holiday. Banks are on holidays, so the slow-moving price is a regular thing. On Friday and early Monday, the EUR/USD has formed a bullish SHS pattern, and we might see a breakout to the upside or a continuation move possibly during US session. However, this could also be a false move due to thin liquidity that usually happens on holidays due to fewer market participants. If technical analysis is followed, then the pair should spike from 1.2310-10 zone and close above the SHS trend line (green). A close above targets 1.2370. 4h close or strong H1 momentum candle above 1.2370 targets 1.2423. As long as 1.2264 holds the price, bulls should be 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)