Positive news about Italy yesterday, sent the EUR/USD bouncing from support and making two bullish patterns. V-shaped reversal combined with Inverted Head and Shoulders saw the trend change on intraday timeframes. It looks like the EUR/USD formed two POC zones 1.1650-65 and 1.1590-1.1610. If we see a retracement, the pair could bounce again. If the price closes above 1.1708, next target is 1.1750 and 1.1820 on a breakout. Ideally for a bullish continuation 4h candle should close above 1.1750.
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 StrongDaily Resistance)
DL3 – Daily Camarilla Pivot (Daily Support)
DL4 – Daily H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
