The EUR/USD perfectly followed our latest trade call and the target has been reached.
The pair has reached 1.1721 Monthly Camarilla L5 – the strongest monthly support and at this point we have a possible rejection. However when the retracement is over, the 4h candle could turn the tide again and we could see a drop below 1.1700. If that happens, then the door to 1.1634 will be open. Have in mind that today’s ADR projected low is 1.1693, so pay attention to any rejections that could lead to ADR/W L3 confluence being reached.
Nenad Kerkez aka Tarantula FX