The EUR/USD has rejected from the order block close to 23.6 of it’s last swing. The POC zone 1.1605-15 is also showing a retracement trend line break, so we might see a continuation towards 1.1542 and 1.1521 which is a confluence of D/W L3. In the case of a bounce next POC zone is 1.166090 where the important Weekly H3 pivot is. As long as the price is kept below the upper order block 1.1724, bears should be safe.
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)
