The EUR/USD has been dropping aiming for 1.0844. The price is currently bearish but pay attention to support zone.
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W L3/ATR pivot projection low comes exactly at W L3 and ATR support. At this point we could see the market going down from 1.0870 and reaching the zone. In that case the price might bounce. If the price closes below W L3, we should see a continuation to the lower pivot, W L4. In that case 1.0787 should be the target. A bounce from the zone aims for 1.0958.
The analysis has been done with the CAMMACD.Core System.
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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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