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EUR/USD Aiming for 1.1410 but Retracement Comes First

Nenad Kerkez
·1-min read

EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance.

W H5 camarilla pivot is the strongest weekly pivotal resistance. We can also see daily Bollinger bands which are making the confluence. The EUR/USD is set to go higher but we should some retracement soon. 1.1320 and 1.1300 are levels where the retracement could finish. Then, a new bullish momentum might bring the pair up to the ATR high – M H4 1.1396-1.1410

The Analysis has been done with the CAMMACD.Core and Sit Systems

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This article was originally posted on FX Empire

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