EUR/USD Bullish Continuation Above 1.1792

The EUR/USD bounced to the upside as we could see from my previous EUR/USD coverage. We can see that the market is above the POC zone and order block. A retrace to the POC 1695-1.1720 could provide the pair with a fresh buying momentum. New sellers are probably waiting within the zone, however, a 4h candle close is needed above 1.1792 for a further continuation up. Next target is 1.1840 zone. A drop below 1.1645 might target 1.1600 and 1.1564 and the pair will be neutral to bearish again.

• 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 the price to react aka entry zone)

Best wishes,

Nenad

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