EUR/USD Bullish Patterns Forming On Intraday Time Frame

Nenad Kerkez Top-XE

The EUR/USD has bounced above Weekly L3 camarilla, that suggest a possible upmove continuation. We can see two POC zones. The POC1 (W L3, ATR Pivot, D L4, order block, 50.0, EMA89) 1.1420-35 could spike the price towards 1.1475 and 1.1505, while in the case of deeper retracement , he pair might hit the POC2 (88.6,trend line, ATR low, D L5) 1.1400-1.1385 and then spike again towards 1.1440, 1.1475 and 1.1505. In that case it will form inverted head and shoulders pattern (bullish shs) which will be another sign of uptrend continuation.

EURUSD Current Trading Positions

Sell 38%

Buy 62%

Avg Sell Price 1.1339

Avg Buy Price 1.1322

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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