The EUR/USD has been bought on dips exactly from the zone I showed during Live trading webinar. Major weekly L5 support is still keeping the pair within the bullish range with a potential to break above 1.1790. If the pair drops to POC zone (W L5, D L4, trend line, ATR low) 1.1680-50 it could possibly spike again towards 1.1755. Above there is cluster of resistance 1.1777, 1.1790 and 1.1800. Only above 1.1800 (ATR high) we can see a continuation towards 1.1850, 1.1864 and 1.1907.
However a loss of 1.1650 should tank the pair down to 1.1593.
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W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
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W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
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W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
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D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
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D L3 – Daily Camarilla Pivot (Daily Support)
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D L4 – Daily H4 Camarilla (Very Strong Daily Support)
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POC - Point Of Confluence (The zone where we expect price to react aka entry zone)
EURUSD Current Trading Positions
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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