EUR/USD Might Start a Move Towards 1.1650
The EUR/USD has made a retracement towards 88.6 of the latest intraday swing. 1.1540-55 is the POC zone, and as long as 1.1495 holds we might reach 1.1650. Bear in mind that the EUR also might reject from 1.1520 too. A bullish close above 1.1606 is needed for 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)
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
