EUR/USD Bullish Continuation Above W L3 CamarillaDear Traders, The EUR/USD has formed a bullish zig-zag and the price is supported above W L3 pivot.
1.1120-30 is the POC zone and we should see a bounce. There is a lot of confluence there and the price could continue towards the intraday target – 1.1201. If the market makes a close 1.1201 we should see the price going towards 1.1217-25 zone. The ATR of the EUR/USD is 44 on intra day timeframes, so don’t expect a big bounce today.
The analysis has been done with the CAMMACD.MTF template.
75% of retail CFD investors lose money
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX