EUR/USD 1.1085 is the Last Line of Resistance Before the Further Bounce Up

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/USD has reached the POC zone and we should see a rejection from 1.1050 if the price wants to remain bearish.

A rejection from M3 Camarilla Pivot and Wizz Level 0 made a bearish confluence at 1.1040-50 zone. If fresh sellers join the price should drop to 1.0995. Only a close below should make a continuation move towards 1.0937 retest. However, a bounce above 1.1085 is a sign that EUR/USD wants to have a bigger retracement towards 1.1150 but that actually endangers the bearish trend and the change from bearish to bullish is possible.

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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