{"id":122403,"date":"2018-03-01T07:44:47","date_gmt":"2018-03-01T12:44:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=122403"},"modified":"2018-06-01T15:42:18","modified_gmt":"2018-06-01T15:42:18","slug":"eur-usd-confluence-zone-is-1-2163-1-2178","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/03\/eur-usd-confluence-zone-is-1-2163-1-2178\/","title":{"rendered":"EUR\/USD Confluence Zone is 1.2163-1.2178"},"content":{"rendered":"
March 1, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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EUR\/USD dropped more than 140 pips after the Head and Shoulders pattern neckline break. Subsequently, the descending channel has been formed, and at this point, the pair is stuck around D H3 \/ W H4 camarilla pivot. 1.2163-78 is the critical POC zone. Rejections above could spike the pair towards 1.2207, and 1h close above should provide a continuation towards 1.2222 and 1.2246. However, 1.2246-50 is a powerful confluence zone due to D H5 \/ W L3 resistance, and we might see selling from this zone towards 1.2207 retest.<\/p>\n

However, a break below 1.2163 provides bearish continuation towards 1.2139 and 1.2118.<\/p>\n

W H3 -Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>

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

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

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

Best wishes,<\/p>\n

Nenad<\/p>\n

P.S. Don’t forget to follow Admiral Markets<\/a> on Facebook \u2013 or @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

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

Source: EUR\/USD Confluence Zone is 1.2163-1.2178<\/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 EUR\/USD dropped more than 140 pips after the Head and Shoulders pattern neckline break. Subsequently, the descending channel has been formed, and at this point, the pair is stuck around D H3 \/ W H4 camarilla pivot. 1.2163-78 is the critical POC zone. Rejections above could spike the pair towards 1.2207, and […]<\/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-122403","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122403","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=122403"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122403\/revisions"}],"predecessor-version":[{"id":122414,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/122403\/revisions\/122414"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=122403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=122403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=122403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}