Dear Traders,
Despite ECS President Mario Draghi’s dovishness about the Brexit and it’s weight on the eurozone’s growth the EUR/USD is still technically bullish.
1.1255-65 is the POC zone which is supported by the bullish SHS pattern that point to the north. We can also see that the LOA (London Open Advanced) indicator/system is supporting the bullish move for the EUR/USD pair. Targets are 1.1286 (W H5 camarilla pivot) and only if the W H5 breaks we will see 1.1320-30. Have in mind that the overshot of W H5 is very bullish for the pair and that the bulls are strongly dominating. Only a break below 1.1240 will put the pair to neutral mode.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
Thanks nenad, im still learning basic.but sometimes trading without mentor is still dangerous….
Most welcome! And yes certainly, that is why we have ecs.LIVE indeed.