The EUR/USD bounced to the upside as predicted in the previous analysis. We can see that the market is above the POC zone and order block. A retrace to the POC 1695-1.1720 could provide the pair with a fresh buying momentum. New sellers are probably waiting within the zone. However a 4h candle close is needed above 1.1792 for a further continuation up. Next target is 1.1840 zone. A drop below 1.1645 might target 1.1600 and 1.1564, and the pair will be neutral to bearish again.
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)
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