Euro crushed in a great forex session – check out the Camarilla levels
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Euro Crushed in a Great Forex Session – Check Out the Camarilla Levels
The euro was crushed in a great forex session. Bearish pressure dominated from London open. Volume price analysis revealed heavy selling. This created strong downside momentum across EUR pairs. The euro suffered due to German PMI data which came in far worse than expected, but continued the downwards trend of the last 12 months, and moving further away from the fulcrum of 50. With German production slowing, this is not good news for the European economy in general, and this bearish sentiment was also reflected in global equities.
Camarilla Levels in Action
Camarilla levels played a key role here. They provided dynamic support and resistance. Price broke lower levels with high volume confirmation. Quantum Camarilla indicator on MT5 highlighted R4/R3 as breakdown points. This guided short entries effectively. The Camarilla levels indicator gave us some excellent levels, both as targets and also potential opportunities, on the NinjaTrader platform.
Lessons from the...






