Help center Contact us Register
arrow_forward_24px
Start Trading
Platforms
Trading Platforms
Trading Tools
Products
Markets
Instruments
Best conditions
Personal Finance New
Education
Analytics
About Admirals
Help center
Status Page
Register
menu_24px
  1. Home
  2. Analytics
  3. Technical Analysis
  4. ​EUR/USD Preparing for a Bearish Breakout

​EUR/USD Preparing for a Bearish Breakout

June 18, 2018 11:20

Source: Admiral Markets MT5 with MT5SE Add-on

The EUR/USD has rejected from the order block close to 23.6 of it's last swing. The POC zone 1.1605-15 is also showing a retracement trend line break, so we might see a continuation towards 1.1542 and 1.1521 which is a confluence of D/W L3. In the case of a bounce next POC zone is 1.1660-90 where the important Weekly H3 pivot is. As long as the price is kept below the upper order block 1.1724, bears 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)

Best wishes,

Follow Admiral Markets on Facebook – @AdmiralMarkets on Twitter – for the latest market updates.

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.

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.