EURUSD Inverse Head and Shoulders
Fed Chairman Jerome Powelll's comments where taken as a dovish development and EURUSD jumped strongly back above the 113.00 support level . (formed bullish engulfing pattern)
On the daily chart we see an inverse head and shoulders forming (coming days?)
With positive divergences on the MACD and RSI which show bullish momentum there maybe a good chance to break the neckline coming weeks.
Of course there are many fundamentals to watch but in bit more risk on environment we might even move up to the 117.oo level by the end of januari 2019...
While this all is highly speculative i am looking forwards how this will play out...
Joyful trading!
Keep you updated for shortterm tradeplans
Fed Chairman Jerome Powelll's comments where taken as a dovish development and EURUSD jumped strongly back above the 113.00 support level . (formed bullish engulfing pattern)
On the daily chart we see an inverse head and shoulders forming (coming days?)
With positive divergences on the MACD and RSI which show bullish momentum there maybe a good chance to break the neckline coming weeks.
Of course there are many fundamentals to watch but in bit more risk on environment we might even move up to the 117.oo level by the end of januari 2019...
While this all is highly speculative i am looking forwards how this will play out...
Joyful trading!
Keep you updated for shortterm tradeplans
Note
Pullback found support
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.