EUR/USD Interim Uptrend is Targeting W H5 and ATR Confluence

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

As expected, the EUR/USD aka Fiber has bounced higher aiming for the next level of resistance around W H5 camarilla pivot.

Both the Weekly and Daily trend are bullish now. However the Fiber is a very slow pair, uncomparable to what we had 5-6 and 9 years ago. Back then the ATR(5) was around 150 pips and now its only 48. Things have changed for the EUR/USD and it has become a very slow pair. 1.1080-1.1100 is the POC zone. Targets are 1.1135 and 1.1156-60.  Ideally it should stay above 1.1065 for bulls to remain in control.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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