{"id":120950,"date":"2018-02-05T06:59:26","date_gmt":"2018-02-05T11:59:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=120950"},"modified":"2018-06-01T15:43:44","modified_gmt":"2018-06-01T15:43:44","slug":"eur-usd-ascending-trend-line-is-still-valid","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/eur-usd-ascending-trend-line-is-still-valid\/","title":{"rendered":"EUR\/USD Ascending Trend Line is Still Valid"},"content":{"rendered":"
February 5, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Source: Admiral Markets MT5<\/a> with MT5SE<\/a> Add-on<\/p>\n

The EUR\/USD has recovered from the NFP lows it posted on Friday and at this point its trying to break W H1 that is an interim resistance. The EUR\/USD is rejecting from the POC zone 1.1.2440-50 and if 1.2425 stays firm, we could see 1.2485, 1.2506 and eventually 1.2516. There are also multiple bullish patterns that suggest a possible upside continuation. ( Bullish SHS and W breakout) with an ascending trend line zig zag. However, if the price breaks below W L3 – 1.2400 we could see a drop to 1.2450.<\/p>\n

W H1 -. Weekly Camarilla Pivot (Interim resistance – Weak)<\/p>\n

W H2 – Weekly Camarilla Pivot (Weekly resistance)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly resistance – main)<\/p>

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W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

W L4 – Weekly Camarilla Pivot (Interim support – Strong)<\/p>\n

W L3 \u2013 Weekly Camarilla Pivot (Interim support – Main)<\/p>\n

W L2 \u2013 Weekly Camarilla Pivot (Interim support)<\/p>\n

W L1 – Weekly Camarilla Pivot (Interim support – Weak)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

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\"trade<\/a><\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/USD Ascending Trend Line is Still Valid<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The EUR\/USD has recovered from the NFP lows it posted on Friday and at this point its trying to break W H1 that is an interim resistance. The EUR\/USD is rejecting from the POC zone 1.1.2440-50 and if 1.2425 stays firm, we could see 1.2485, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-120950","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=120950"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120950\/revisions"}],"predecessor-version":[{"id":120959,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120950\/revisions\/120959"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=120950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=120950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=120950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}