EUR/USD Bounce Expected at D L3 Camarilla Pivot

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/USD is potentially making a move which is a continuation of uptrend. We should see higher levels reached.

D L3 and 50.0 fib confluence provide buying opportunities. 1.1790-1.1800 is the zone. A bounce above will target the order block confluence zone – 1.1830. If the market makes a 1h/4h close above it, we should see uptrend continuation towards 1.1840 and 1.1872. Only below 1.1760 the EUR/USD becomes neutral again.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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