EUR/USD Aiming for 1.1410 but Retracement Comes First

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance.

W H5 camarilla pivot is the strongest weekly pivotal resistance. We can also see daily Bollinger bands which are making the confluence. The EUR/USD is set to go higher but we should see some retracement soon. 1.1320 and 1.1300 are levels where the retracement could finish. Then, a new bullish momentum might bring the pair up to the ATR high – M H4 1.1396-1.1410.

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

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