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  4. EUR/USD Continuation of the Rooftop Pattern Below 1.1800

EUR/USD Continuation of the Rooftop Pattern Below 1.1800

November 30, 2017 09:37

The EUR/USD has formed a huge bearish rooftop pattern with a clear support within the 1.1810-00 zone. 1.1865-85 is the POC zone where now moment sellers might be waiting for. Month-end demand can usually be volatile and EUR/USD seem to be offered withing the POC zone. Break below 1.1800 and the pair could target 1.1775 and 1.1750. For counter trend trades watch for reversal patterns and/or regular bullish divergence only IF 1.1800 zone holds.

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)

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