By Admiral Markets
The EUR/USD has been in a steady uptrend as I also showed on Live trading webinar but now it is struggling to break W H3 / D H4 camarilla pivot. The POC zone is 1.1700-1.1710( D H3, ATR pivot, 23.6, trend line) and if the pair get there it might spike again towards the 1.1730 and 1.1750. A strong momentum above 1.1750 should provide a continuation wave towards 1.1770 and 1.1800. However a break below 1.10695 could initiate a pullback towards 1.1660. Today is Friday, so pay attention to possible profit taking that could instill additional volatility during the EOD (End Of Day).
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)
Free Reports:
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)
Article by Admiral Markets
Source: EUR/USD Is Still Bullish But Watch Weekly H3 Camarilla Pivot
Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.