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EUR/USD is Going for W H3 and Higher Camarillas

By:
Nenad Kerkez
Published: Jan 14, 2020, 08:26 GMT+00:00

Dear Traders, The EUR/USD is in uptrend. USD/CHF down – EUR/USD up. The price is very slow, only 37 pips of the ATR(5). Patience is needed but the price is bullish.

EUR/USD is Going for W H3 and Higher Camarillas

The market is bullish. Rejections from the 1.1100-15 are targeting higher levels. The first target is 1.1152 followed by 1.1167. If we see a continuation of uptrend in upcoming days, then we will see 1.1205 and 1.1240 as the final target. If the ATR stays the same then it might take a week. However at this point the EUR/USD scenario is buying the dip.

The Analysis has been done with the CAMMACD.Core and Sit Systems

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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