EUR/USD Bears Showing Up at The 88.6 Resistance

EUR/USD Technical Analysis

• EUR/USD made it to 88.6 fib
• Bears might take over
• The first target is W L3 pivot
• 1.1470 should hold

H4 CHART EUR/USD

1. Swing high
2. Swing low
3. 88.6 zone
4. First target

The price is facing the resistance at point 3 in the chart. Point 3 is the confluence zone and profit taking area. 88.6 fibonacci confluence with the M H4 camarilla is the zone. If the bears gain enough momentum we should see the price moving down towards 78.6 1.1404 and below towards W L3 1.1355. The first target is the 1.1350 zone. The final target is W L4 1.1260 camarilla pivot.

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Cheers and safe trading,

Nenad