EUR/USD Targeting Weekly H4 Camarilla Pivot

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/USD is bullish. If the price stays above 1.0920 we should see higher levels hit. Big HH (higher high) on the 4h charts suggests bullish outlook.

As we can see from the chart the price is making small zig-zags going higher and higher. 1.0920 zone is the bouncing spot for the pair. The first target is 1.0950 followed by 1.0967 and 1.1016. W H4 camarilla pivot might offer some resistance. As long as the EUR/USD stays above the trend line, bulls will have the upper hand. On the intraday chart it’s important that the price doesn’t drop below 1.0880.

The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

 

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of