The EUR/USD has reached a significant resistance. There is a trend linealong with D H4/ W H3 confluence that holds the pair from proceedingfurther. However, a bounce above 1.1655 aims for 1.1683 and 1.1700.Ultimately the pair might reach 1.1750. However, as long as the pair iskept below 1.1655, we could see a bearish move towards 1.1608 and1.1569. The direction will hugely depend on today’s NFP and allaccompanying data.
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 – Monthly Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Monthly Camarilla Pivot (Daily Support)
D L4 – Monthly H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect the price to react – aka the entryzone)
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