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  4. EUR/USD Technical uptrend is intact while above 1.1945

EUR/USD Technical uptrend is intact while above 1.1945

September 11, 2017 09:18

The EUR/USD retraced from its highs on Friday and currently it is retracing towards the POC zone. The POC (D L4, W L3, EMA89, ATR Pivot, Bullish order block, 61.8) is 1.1970-1.1985 and we could see a bounce. Historical buyers should align with now moment buyers within the zone and the target is 1.2046-1.2068. Only a breakout and/or 4h close above 1.2070 should rally the price towards 1.2103 and 1.2157. Bears could gain the upper hand below 1.1945 and if the price gets below the target is 1.1910.

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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