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EUR/USD Retracement Towards POC Zones

By:
Nenad Kerkez
Updated: Jan 16, 2018, 12:56 UTC

As I explained yesterday during my Live Trading Session Recap webinar, the EURUSD was due for a retracement. And it happened exactly as planned. The pair

EUR/USD Retracement Towards POC Zones

As I explained yesterday during my Live Trading Session Recap webinar, the EURUSD was due for a retracement. And it happened exactly as planned. The pair dropped to the POC zone and we could see some profit taking now. At this point 1.2210-2220 is the zone which could spike the price up but the break below 1.2190 could target 1.2155 POC2 zone. There is a lot of confluence there and 1.2145-55 could be good for new buyers and fresh longs. If the pair gets to 1.2295 look for a continuation up towards 1.2325 and 1.2365.

EUR/USD Retracement Towards POC Zones

  • 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 price to react aka entry zone)

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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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