EUR/USD bounce expected at D L3 camarilla pivot

Nenad Kerkez Top-XE

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 CAMMACD.Core System.

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Author

Nenad Kerkez

Top-XE

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