EUR/USD Might Start a Move Towards 1.1650

EUR/USD Might Start a Move Towards 1.1650

The EUR/USD has made a retrace towards 88.6 of the latest intraday swing. 1.1540-55 is the POC zone and as long as 1.1495 holds we might see 1.1650. Have in mind that the EUR also might reject from 1.1520 too. A bullish close above 1.1606 is needed for 1.1650.

EUR/USD Might Start a Move Towards 1.1650

  • 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 – Monthly Camarilla Pivot (Very Strong Daily Resistance)
  • D L3 – Monthly Camarilla Pivot (Daily Support)
  • D L4 – Monthly H4 Camarilla (Very Strong Daily Support)
  • POC – Point Of Confluence (The zone where we expect the price to react – aka the entry zone)

Best wishes,

Nenad

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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.