The EUR/USD, popular “Fiber” is still bearish as we can see on the chart. However as the price has made a higher low, break and close below 1.1088 is needed for a further continuation down.
1.1090-1.1118 is the zone where the EUR/USD has been hanging around since yesterday. If the price makes a bearish close below 1.1088 – W L4 camarilla we might expect a continuation towards 1.1063 and 1.1042. However a close above 1.1152 will be bullish for the pair and we will see a possible trend change. So far, bears are safe but they need to be careful.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX