EUR/USD Slow Bearish Action During the Bank Holiday

The EUR/USD is still bearish. We should see a continuation down as the price has made 1-2-3 pattern at resistance.

D H5 and W L3 are camarilla pivots in the resistance zone of the EUR/USD. European banks are on Eastern holiday, so we might see slow movement and low volatility. 1.1755-65 is the entry zone for the pair and continuation of the trend should lead towards 1.1720 and 1.1677, but it will probably not happen today. The US banks are working normally so we might see a volatility jump in the afternoon.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,



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.