EURUSD is Bearish Targeting 1.1560-90

Nenad Kerkez Top-XE

The EUR/USD has made a bearish move and the intraday trend is bearish. However, this is looking like a range play and we might see a rejection if the price gets to 1.1590, eventually 1.1560. Interim range is 1.1790-1.1590. For short trades 1.1665-80 is the zone where fresh sellers are waiting and the first target is 1.1590. A profit taking between 1.1560-90 levels might turn the price up for 1.1680 retest.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

EURUSD Current Trading Positions

Sell 30%

Buy 70%

Avg Sell Price 1.1725

Avg Buy Price 1.1671

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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