EURUSD. The bullish daily candle after the FOMC and the inverted H&S pattern that is forming in the 1H chart, are keeping the bullish scenario for EURUSD intact.
We are holding our long positions open and expecting for an initial break of the 1.1730-35 resistance in order for our scenario to be validated (the upper trendline of the downward channel) .
The break of 1.1750-55 with a dynamic candle will give confirmation. Initial target is at 1.1790-00 and next target is at 1.1825-30.
We are holding our long positions open and expecting for an initial break of the 1.1730-35 resistance in order for our scenario to be validated (the upper trendline of the downward channel) .
The break of 1.1750-55 with a dynamic candle will give confirmation. Initial target is at 1.1790-00 and next target is at 1.1825-30.
Note
Even though price continued lower that the left shoulder's low the pattern has still hopes... the break of 1.1725-30 will open the road for 1.1750 and 1.1790-00 and the downward break of 1.1680 will cancel our scenario...
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.
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.