EUR/USD Is Still Bullish But Watch Weekly H3 Camarilla Pivot

Jūlijs 28, 2017 16:15

The EUR/USD has been in a steady uptrend as I also showed on Live trading webinar but now it is struggling to break W H3 / D H4 camarilla pivot. The POC zone is 1.1700-1.1710( D H3, ATR pivot, 23.6, trend line) and if the pair get there it might spike again towards the 1.1730 and 1.1750. A strong momentum above 1.1750 should provide a continuation wave towards 1.1770 and 1.1800. However a break below 1.10695 could initiate a pullback towards 1.1660. Today is Friday, so pay attention to possible profit taking that could instill additional volatility during the EOD (End Of Day).

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)

MT4 Supreme Edition + Volatility Protection