Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
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EUR/USD 1.1725-1.1690 is the Important Zone

Oktober 02, 2017 10:02

The EUR/USD has been retreating from Friday's highs due to yesterday's events in Catalonia. Spanish IBEX opened lower while other European equities were mixed. The EUR/USD is trying to reach 1.1725-1.1690 zone where it could decide about the next direction. A bounce from the zone could target 1.1740 followed by 1.1828. Only a 4h or daily close above 1.1828 might return the pair into the positive progressive channel. If the pair drops below 1.1690, it could be trapped in the bearish AP (Andrew's Pitchfork) and we might see the return of the bearish trend towards 1.1592.

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)

PPR - Progressive Polynomial Channel

AP -Andrew's Pitchfork

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

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