EUR/USD Might Start a Move Towards 1.1650

The EUR/USD has made a retrace towards 88.6 of the latest intraday swing. 1.1540-55 is the POC zone and as long as 1.1495 holds we might see 1.1650. Have in mind that the EUR also might reject from 1.1520 too. A bullish close above 1.1606 is needed for 1.1650.

• 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 – Monthly Camarilla Pivot (Very Strong Daily Resistance)
• D L3 – Monthly Camarilla Pivot (Daily Support)
• D L4 – Monthly H4 Camarilla (Very Strong Daily Support)
• POC – Point Of Confluence (The zone where we expect the price to react – aka the entry zone)

Best wishes,

Nenad

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